Grade=C-
P/L= -1.4R
Setup: pullback buy
Result: Stopped out. Not the worst trade in the world because there were a few things to indicate a setup here. There was a pullback to support and the trend held. I could have waited a little longer to see if there would be further shakeout. Oil ETFs tend to take erratic movments as well, so a smaller position might have been in order with a slightly wider stop which would have kept me in because I was barely stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-11 11:52:51 | DWTI | buy | $114.170 | long |
2015-11-11 11:53:16 | DWTI | buy | $114.280 | long |
2015-11-11 11:55:48 | DWTI | sell | $113.490 | 0 |
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