MNK Trade on Nov 11, 2015 09:55 from ToqueX: Tradervue User Stock Trades.

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ToqueX

 

Grade=D
P/L= -1.2R

Setup: short the bounce

Result: Stopped out. I think I just shorted too low and I should have been more patient to wait for either a better entry at the top of the range at 62 or for the price action to tighten and offer me better risk management. It turns out bot would have happened if I had waited a few more minutes. The downside is that maybe I would have been scared out of the trade because it was then making a 3rd test of 62 to the upside, so maybe that would have kept me out of the trade. Either way, it's better than taking a loss.
If I were even more patient than that I could have gone short at the trend line break a bit later so I would have had three things in my favour: 1. tighter risk 2. higher entry on the short and 3. confirmation


Execution detail:

Date/time Symbol Side Price Position
2015-11-11 09:55:27 MNK sell $61.490 short
2015-11-11 10:08:22 MNK sell $61.360 short
2015-11-11 10:12:32 MNK buy $61.860 0


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