Shared by
ramentrades
This chase to the downside was not necessary at all. I should have waited for a bounce as I know that, after a big washout, it always follow by a sharp rebound.
The second part I was trying a anticipate the bouncing ball price action. Unfortunately, it did not break lower to the downside and held the $14.80 support. So I cut my losses and save myself from the late day move towards $15.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-01-25 09:50:55 | CENX | sell | $14.800 | short |
| 2017-01-25 09:53:40 | CENX | sell | $14.933 | short |
| 2017-01-25 09:54:54 | CENX | buy | $15.097 | 0 |
| 2017-01-25 09:56:54 | CENX | sell | $15.055 | short |
| 2017-01-25 09:57:40 | CENX | sell | $15.100 | short |
| 2017-01-25 09:58:50 | CENX | sell | $15.060 | short |
| 2017-01-25 10:01:48 | CENX | buy | $15.228 | 0 |
| 2017-01-25 10:30:59 | CENX | sell | $14.950 | short |
| 2017-01-25 10:36:15 | CENX | sell | $15.050 | short |
| 2017-01-25 10:43:06 | CENX | sell | $14.950 | short |
| 2017-01-25 10:48:48 | CENX | buy | $14.840 | short |
| 2017-01-25 10:49:20 | CENX | buy | $14.830 | 0 |
| 2017-01-25 10:50:02 | CENX | sell | $14.760 | short |
| 2017-01-25 10:52:29 | CENX | sell | $14.773 | short |
| 2017-01-25 10:54:17 | CENX | sell | $14.810 | short |
| 2017-01-25 10:58:29 | CENX | buy | $14.929 | 0 |
| 2017-01-25 11:00:58 | CENX | sell | $14.770 | short |
| 2017-01-25 11:06:19 | CENX | sell | $14.750 | short |
| 2017-01-25 11:19:28 | CENX | buy | $14.789 | 0 |
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