Shared by
tsun
Report says Monsanto-linked pesticide is to blame for microcephaly outbreak - not Zika
Undermanaged the trade since had to go to the 11am meeting, could not capitalize on this A+ set up.
After news, I wanted to long into the wash but started off a bit larger than anticipated. When I realized that it was not holding 87 area, I sold small shares to lighten up and watched another move down which immediately occurred.
I added small when I should have added heavier on this down move into 86, and by this time I had looked at the 5d ATR which was near 2.6.. So I totally could have added more size.
Due to 11am meeting, I did not want to hold and should have put up limit orders to sell to maximize my profit.
Remember in breaking news to only scale in without knowing where the bottom or top may be, SCALE IN SMALL THEN ADD HEAVY IMMEDIATELY THE TREND REVERSES.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-16 10:54:32 | MON | buy | $87.100 | long |
| 2016-02-16 10:54:53 | MON | sell | $87.250 | long |
| 2016-02-16 10:55:52 | MON | buy | $86.030 | long |
| 2016-02-16 10:56:17 | MON | buy | $86.370 | long |
| 2016-02-16 10:56:28 | MON | buy | $86.500 | long |
| 2016-02-16 10:57:29 | MON | sell | $86.750 | long |
| 2016-02-16 10:58:01 | MON | sell | $86.650 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!