SHORT: NO STRATEGY (MISTAKEN Break of TL Reversal after UT: This strategy applies only after an initial break of the TL opposite a stocks EXTENDED trend). Stock had been trading down all day. It had broken the TL (Bullish) at around 1:30 pm. (This should have been my entry, a Long trade [Break of TL after a DT]) But I entered when PA came back down and crossed the TL bearish. Exited when PA showed bullishness. GOOD: SL: (DIDNT WAIT FOR THE 1% RULE I EXITED WHEN pa SHOWED A bullish PATTERN) BAD: Missed the TL reversal after DT entry. (this was a DT stock for the day, should not have entered on a Bearish break of the TL after a PB which broke the TL on the bullish side). Held too long, Could have exited as soon as PA was contrary to bearish break of TL.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-12 14:21:49 | ASNA | sell | $8.555 | short |
2016-01-12 14:22:56 | ASNA | sell | $8.560 | short |
2016-01-12 14:22:56 | ASNA | sell | $8.550 | short |
2016-01-12 15:01:54 | ASNA | buy | $8.665 | short |
2016-01-12 15:01:54 | ASNA | buy | $8.665 | short |
2016-01-12 15:01:54 | ASNA | buy | $8.665 | short |
2016-01-12 15:01:54 | ASNA | buy | $8.665 | 0 |
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