Here's my video review of this trade:
Some things I didn't cover in the video:
I could / should have been more aggressive in some of the other potential areas circled in the chart. I have made this type of trade before and know the characteristics of this trade. I may have been too aggressive in lightening, although I did spread out my covers, I could have held more through it and worked on moving my stop instead. I could have added then covered the adds but I failed to do so. I could have made additional cash flow out of this trade.
Maybe it was because I was too busy managing my other position and kept mostly hands off with this one except when I covered here and there. Regardless why, this was a missed opportunity that could have had a much greater pay out had I executed this trade the way I should have.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-05-22 11:17:44 | SINA | sell | $59.760 | short |
2013-05-22 11:17:44 | SINA | sell | $59.760 | short |
2013-05-22 11:17:44 | SINA | sell | $59.760 | short |
2013-05-22 11:18:00 | SINA | sell | $59.740 | short |
2013-05-22 11:34:34 | SINA | buy | $59.290 | short |
2013-05-22 12:38:33 | SINA | buy | $59.120 | short |
2013-05-22 13:34:30 | SINA | buy | $58.700 | short |
2013-05-22 14:10:23 | SINA | buy | $58.500 | short |
2013-05-22 14:10:23 | SINA | buy | $58.500 | short |
2013-05-22 15:52:48 | SINA | buy | $58.330 | 0 |
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