The first entry I wanted a breakdown below the channel but it never happened. Covered to protect at least a tiny amount of profits.
On the second entry, I committed to just riding the waves. Larger position but just capture .10 cents.
On the third entry it was looking weak not bouncing at all with lower highs and I entered with a tiny chase to see if the breakdown would happen. And it didn't, took .07 cent loss.
My trade idea of a possible breakdown today was supported by the recent gap up spikes on the daily. There was a good chance that there would be some profit taking and price pullback.
Trading tiny this month to regain consistency.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-19 10:35:42 | PYPL | sell | $35.930 | short |
2016-02-19 10:46:51 | PYPL | buy | $35.880 | 0 |
2016-02-19 10:54:05 | PYPL | sell | $35.920 | short |
2016-02-19 10:56:26 | PYPL | buy | $35.820 | 0 |
2016-02-19 11:09:58 | PYPL | sell | $35.740 | short |
2016-02-19 11:20:14 | PYPL | buy | $35.810 | 0 |
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