Shared by
WildThingTrading
Showed a lot of weakness after that push on the 6.50s yesterday so I was thinking there was a good chance of more downside today. Original plan was a G/R move but it gapped down and washed out right out of the gate. So adjusted the plan entered on the bounce into VWAP and had 1600 shares at 5.29 avg. Took a nice $362 profit covering in the low 5s only to see it go to the low 4s. lol. Should have re-entered in the high 4s when it couldn't reclaim the 9ema or just held longer all together. My plan is to really work on holding winners longer because right now I'm giving up a lot of my profits by taking them too soon.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-04-06 09:46:25 | SKYS | sell | $5.270 | short |
| 2016-04-06 09:54:16 | SKYS | sell | $5.299 | short |
| 2016-04-06 10:03:37 | SKYS | buy | $5.118 | short |
| 2016-04-06 10:25:40 | SKYS | buy | $5.080 | short |
| 2016-04-06 10:49:51 | SKYS | buy | $4.982 | 0 |
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