Unfortunately I made a couple of errors on this trade. I undersized it so I didn't get the full bang for the buck, plus I cut the profits early instead of waiting for a 5' pivot. Managing it to spec would have meant taking 1/3 1R target (reached) then holding 2/3 for the remaining move (if any). Instead I cut 2/3 just prior to 1R and then trailed the stop on the final 1/3 aggressively as well. Missed out on several Rs of PNL due to that choice.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-19 09:35:00 | IBM | sell | $145.950 | short |
2016-04-19 09:38:00 | IBM | buy | $145.180 | short |
2016-04-19 09:40:00 | IBM | buy | $144.970 | short |
2016-04-19 09:41:00 | IBM | buy | $145.340 | 0 |
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