The Bad: Awful entry. Chased this down a little. Could have easily doubled profit by waiting a couple of minutes. Plan was OK but when the market gapped up it through off my levels for entry/exit. Need to work on this.
The Good: Gave myself a wider stop at 30.15, assuming that 30 would be re-tested and stops would be gunned. I was correct and anything 30.12 or below would have been triggered. Had patience with trade - even when it took out 30 it seemed weak compared to the market in general and eventually the trade turned around.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-06-28 09:42:31 | CAR | sell | $29.500 | short |
2016-06-28 10:40:16 | CAR | buy | $29.130 | 0 |
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