K Trade on Mar 2, 2016 15:23 from rogomon: Tradervue User Stock Trades.

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rogomon

 

I shorted this just under the $75 whole number expecting a pullback before market close.

I did have a predefined risk of .10 cents and put in a stop order to make sure that I do follow my trade plan.

I was wrong and the stock held up right into close. The small size I used was evidence in how much confidence I had in this trade. I was hoping for a .20 to .40 cent pullback but would have lowered my stop order as it progressed down (if it did).

This type of reversal is a lower probability setup that I should remove entirely from my trading in March.


Execution detail:

Date/time Symbol Side Price Position
2016-03-02 15:23:47 K sell $74.950 short
2016-03-02 15:29:43 K buy $75.050 0


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