The trade idea was a whole number reversal or at least a pull back. The error was in my execution.
First, I should expect that the price will pop over the whole number at least 5 to 20 cents. I should try to capture a bit more of that move.
Second, I should take off half immediately once it dips back below the whole number. This way I have partial profits locked in and can let the rest run and have a stop on my entry price.
The full range of this whole number over/under was 30 cents but I only capture 4 cents of that move unfortunately. A lot of room for improvement.
Trading tiny this month to regain/improve consistency.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-01 13:52:03 | EROS | sell | $10.040 | short |
2016-02-01 14:02:46 | EROS | buy | $10.000 | 0 |
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