This one I shorted at EOD based on the inverted hammer printed on the daily, which also rejected a major MA. That's two catalysts to the downside.
I covered the next morning after seeing the big green candle. I was at work and needed to get my lunch going (we're working on the clock so if I didn't move, I would waste my lunch opportunity and I needed the calories to function mentally). I put a hard stop a fair but still tight in case it gave back gains. I come back within 5 mins and in that period, I got top ticked out. I had the intuition that the market would see my stop but I was willing to accept that vs potentially coming back to a break even trade.
On the daily, it hit my swing target. I was too scared to hold all the way through though. Still gathering my mentality but on the right track.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-01-26 15:41:38 | EL | sell | $81.760 | short |
2017-01-27 11:32:57 | EL | buy | $81.060 | 0 |
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