Shared by
James_BOWSsim
Shorted this oil name when it broke the MA's. Entry and exit weren't too bad, however my position size was too small because I only wanted to risk a small amount on this stock after getting stopped out of OAS. However this wasn't justifiable looking back because they are different trades and setups entirely.
There was more quick profit to be made on this one, but given the choppy market my small position size was somewhat understandable.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-01-08 09:42:06 | UWTI | sell | $2.840 | short |
| 2016-01-08 11:14:09 | UWTI | buy | $2.739 | short |
| 2016-01-08 11:21:31 | UWTI | buy | $2.690 | 0 |
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