Play: Parabolic
Dumb trades. Not ready to trade it properly and never traded indices. It was extended, figured there would be some type of pullback but took off before i could even give it a chance. Should just watch from the sidelines.
Reasons to cover:strength
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-29 14:42:50 | IWM | sell | $109.900 | short |
2016-03-29 14:43:36 | IWM | buy | $110.000 | 0 |
2016-03-29 14:44:39 | IWM | sell | $110.000 | short |
2016-03-29 14:45:50 | IWM | buy | $110.050 | 0 |
i just think indices have more strength behind them than normal stocks so even if it goes parabolic,especially after a catalyst (Yellen speech), shouldn't even bother shorting the indices
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spot on entry seems okay, but not sure what rule is for indices