First trade of my first day paper trading. Looked like a bear flag on the daily, looked for short signal and thought I had it when it went green to red. It did drop initially but did not hold for too long, got out in time. Also got to work on better position sizing.
Set up: Green 2 Red
Stop price: $52.80 above
Target: $52.31/ Low of day
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-11-30 09:58:06 | MNK | sell | $52.770 | short |
2016-11-30 09:58:10 | MNK | sell | $52.765 | short |
2016-11-30 09:59:47 | MNK | buy | $52.400 | short |
2016-11-30 09:59:47 | MNK | buy | $52.395 | 0 |
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good cover man