shorted @ 118.24 covered @ $116.15. Original price target was $115 but got too impatient so took profits at $116. I need to work on my patience but overall an acceptable trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-05 10:30:32 | LNKD | sell | $118.240 | short |
2016-02-05 10:53:56 | LNKD | buy | $116.150 | 0 |
Thanks for the feedback I will definitely stick to the entry/exit plan from here on out!
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Nice entry. Only thing (potentially) constructive to feedback is to watch risk/reward. You took 1.76 worth of heat on it to eventually make 2.09. Not saying you shouldn't take profit until it's reached a certain r/r, only that entering a stock you should have a plan of how much heat you can take and where you plan to exit(s). Matching your plan is ONE reason to exit. To help build patience, I find continually honing (and adhering to) my reasons to exit is crucial.