Shared by
tsun
Great trade
I flipped the position long as soon as I confirmed the failed breakdown of 47. I did not scale in as I was "convinved and convicted" that it was going the other way. I am slowly developing these conviction trades.
I pieced out into 48 and 48.39 (premarket high) and added back small between 48 and 47.5.. I kinda rushed my adds because it was about the time to go for 11am meeting so I did not want to hold. I subsequently sold out all of my shares before 11am, when if fact, it was just starting to trend on the 5 minute chart, holding a higher low.
I should have set limit orders to sell and stop out orders. The market does not know you are going to a meeting.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-02 10:27:45 | KORS | buy | $47.300 | long |
| 2016-02-02 10:37:12 | KORS | sell | $47.660 | long |
| 2016-02-02 10:38:04 | KORS | sell | $47.790 | long |
| 2016-02-02 10:38:30 | KORS | sell | $47.900 | long |
| 2016-02-02 10:41:33 | KORS | sell | $48.070 | long |
| 2016-02-02 10:42:15 | KORS | sell | $48.230 | long |
| 2016-02-02 10:44:34 | KORS | sell | $48.140 | long |
| 2016-02-02 10:46:54 | KORS | buy | $47.790 | long |
| 2016-02-02 10:47:05 | KORS | buy | $47.740 | long |
| 2016-02-02 10:48:23 | KORS | sell | $47.730 | long |
| 2016-02-02 10:48:54 | KORS | sell | $47.800 | long |
| 2016-02-02 10:49:19 | KORS | sell | $47.840 | 0 |
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