Shared by
byers7181_BOWS
Green to red, look to short in the morning.I was trying to short only 1/3 of my stock at the $33.21, but I have no clue how to do this on Prodigio. Then I wanted to ride the flush down further. I am glad to see I was on the right track, which is my main focus for the first month of sim trading. I want to make sure I am seeing the patterns and having the right set ups.
I saw the stock spike up and go green to red and thought I would be able to short, but I was too early, and should have waited longer. I know I will need to focus on learning when to enter the stock as well. But I am pretty happy with the trade and the strategy I had.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-03-02 09:35:23 | BBY | sell | $33.121 | short |
| 2016-03-02 09:56:54 | BBY | buy | $32.809 | 0 |
| 2016-03-02 10:51:24 | BBY | sell | $32.488 | short |
| 2016-03-02 10:54:05 | BBY | buy | $32.530 | 0 |
| 2016-03-02 11:05:45 | BBY | sell | $32.700 | short |
| 2016-03-02 12:59:47 | BBY | buy | $32.950 | 0 |
Comments
byers7181_BOWS
No I think I want to come up with a scaling out of all my trades. I think that would help a lot. I just need to figure out when that would be without scaling out too early.
cwooten1985
I agree about scaling out on your first trade. In the future keep even a few shares on so you're catching the full move.
That last short entry at 32.70 wasn't a bad entry. But once is started holding above vwap you should have stopped out, rather than let it get away from you. That consolidation above vwap can be a sign of strength and vwap should be a risk parameter for you anyway if you're going to put on a short under it.
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Nice early anticipation entry. Consider a scaling out strategy. May not be for you, which is just a personal choice.