Shared by
sk6345
SPY broke down after gap down and consolidation. Was looking for a short setup. rubberband snapback continuation on the daily. Shorted an ORB and sold half into the spike. exited completely when another green candle was holding the market was flagging to the upside.
price pulled back to the ma's and failed. market was in a range between the ma's so I wasn't sure which way it would break. I had a long and a short position. this was my short. market ended up breaking to the upside so I exited before being stopped out.
My only regret with this trade is when I reentered, I took on the same amount of shares as the original profitable trade. Next time, I will reenter for half the amount to preserve more of my original profits. I had already profited here so there was no need to be that greedy.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-03-29 09:42:00 | VRAY | sell | $8.330 | short |
| 2017-03-29 09:56:00 | VRAY | buy | $8.080 | short |
| 2017-03-29 10:06:00 | VRAY | buy | $8.180 | 0 |
| 2017-03-29 10:16:00 | VRAY | sell | $8.150 | short |
| 2017-03-29 10:21:00 | VRAY | buy | $8.250 | 0 |
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