Shared by
ckz8780
Longside short breakdown. I was trying to be patient with this as I really did not think it would come back above $40.00, and definitely not above $40.20, but it defied all logic so I had to cut it for the loss. I originally thought the series of lower highs would hold the rest of the day and it would just fade away since the market was fading, but this was probably not a good candidate for a couple reasons:
- It was up on an earnings beat.
- It had already shown it was prone to quick upward moves in the 10:20am candle.
- It was breaking out to all time highs on the daily and had no resistance overhead.
Probably should have just taken my $90 on this and been happy w/ it. The entry was really good at least. :)
300 shares
-$119.97 (-1.00%)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-07-18 12:14:35 | JCI | sell | $39.880 | short |
| 2013-07-18 13:04:11 | JCI | buy | $40.280 | 0 |
Comments
ckz8780
Too much greed on 7/18 and compounded emotional trading due to internet issues. These things won't affect me when I finally leave my job, so I don't really care. Would be nice to not go from positive to negative just cause my work can't maintain a simple reliable internet connection, but what can you do? I can't really go to them and bitch that their lack of network stability is interfering with my ability to run a side business while they pay me to be there...haha. Sigh, at least I get all my work done! ;)
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
coulda been a decent scalp, again.
after reviewing your 7/18 trades, I can really understand why you were scalping out the gains on 7/19. 100% clear to me now!