IWM lost an important daily pivot point and confirmed a daily downtrend. 2 minute T line was playing defense and I got in at the next failure at the T-Line. Sold half around 10% and I sold the other half around breakeven.
Pros:
1. You had a reason to get in this trade. The daily pivot was lost this should scare a lot of traders in the short term.
Grows:
1. You dont always have to take a quick eye ball entry against the 2 min EMA. Wait for a clear pivot and get in against the pivot.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-11-17 10:19:26 | 19 NOV 21 234 PUT | buy | $0.8300 | long |
2021-11-17 10:23:53 | 19 NOV 21 234 PUT | sell | $0.9100 | long |
2021-11-17 10:25:13 | 19 NOV 21 234 PUT | sell | $0.8200 | 0 |
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