Grade=C-
P/L= +0.36R
Entry: entered as it rolled over and tested the trend line on the 5m. The stock was on a huge run and I was lookig for this day to be the ëxhaustion gap.
Result: There was only a little bit of follow-through on this idea in the morning, but the stock didn't really tank until the next day (Tuesday) when it taknked right out of the gate and went all day.
I took part off quickly and then held the rest. I trailed my stop a little too tightly and was susceptible to the spike two candles after my entry.
Lesson: Consider keeping the stop slightly above the VWAP to ensure i can stay in the trade and avoid being spiked out. I could have easily doubled the profit on this one and possibly played the next bounce as well if I had done that.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-12-14 10:09:18 | SWHC | sell | $23.650 | short |
2015-12-14 10:14:36 | SWHC | buy | $23.510 | short |
2015-12-14 10:34:45 | SWHC | buy | $23.600 | 0 |
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