Shared by
Mari_BOWS
1.6R
2nd out of 2 trades in SKX today.
ENTRY: price was pulling back to 9EMA nicely and I entered again. Stop was above price resistance at $31.10. I was later trailing the stop closer as the stock was breaking down.
My first target was LOD at $30.25. That was actually my right after my 1R target, so it was a poor trade.
2R target was $29.90.
The stock actually went as low as $29.55 (near 3R target).
EXIT: I covered everything a little before my 2R target, because the stock was reaching the round number $30 and I thought it might not break it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-10-23 11:00:52 | SKX | sell | $30.690 | short |
| 2015-10-23 11:44:30 | SKX | buy | $30.020 | short |
| 2015-10-23 11:44:47 | SKX | buy | $30.020 | short |
| 2015-10-23 11:46:05 | SKX | buy | $30.060 | short |
| 2015-10-23 11:46:17 | SKX | buy | $30.070 | 0 |
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