Grade=D
P/L= -1.4R
Entry: picking a top at 90 which did show some previous support from the day before.
Result: Blasted right through my stop.
Lesson: Broke a rule, paid the price. Stop was set appropriately, and I don't think I could have had it in a better place. I need to stay out of runs like this and let them play out before making a decision. With more capital, perhaps this could be played effectively. Even then, waiting for full red candle to be put in on the 5m chart would have given me a better chance and offered me 1.50/share of profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-12-08 09:36:35 | EGRX | sell | $90.000 | short |
2015-12-08 09:38:15 | EGRX | buy | $91.400 | 0 |
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