SHORT. BREAK OF INTRADAY LOW. PM GD. Biggest gaper in the PM (More than 50%). Opened with 2 RCS then it PB to TL and bounced lower. I entered when PA broke the early open low. PA briefly went lower on the same entry CS but then went back up over the previous day low. the next 3 CS were Indecisive. I tried to cover but scottrade webpage would not respond (it Froze). I called Scottrade but by the time I got someone the page was back up. Was able to cover with a loss. GOOD: SL, at least I tried to minimize my loss. BAD: 1. ENTRY WITHOUT CONFIRMATION. DID NOT WAIT FOR A CS TO CLOSE BELOW THE DAY LOW and DID NOT WAIT FOR FOLLOW THROUGH CS CONFIRMATION. Too large of a GD (>50%). Tried to make a quick dollar on a day where I had other responsibilities. NOTE: On trades outside my Index and large gapers may want to phase in my entry volume.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-15 09:46:18 | SRPT | sell | $13.000 | short |
2016-01-15 09:53:10 | SRPT | buy | $13.597 | 0 |
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