Yay!
Trade:I try not to trade until 9:45, and that is exactly what I did. LULU was looking very weak right off the open, as I thought it would. I shorted the 15minute breakdown, and I covered after 1 minute. I wanted to hold the trade for a longer period of time, but 35 cents is 35 cents.
Thought Process(TP): I realized I should've used more size on the trade, and that was one of my weekly goals. I took my 35 cents very quickly, and forgot about the stock.
Improvement: Execution on the trade was very poor. Even though I took my 35 cents on the trade, I could've been eyeing the stock to short on pops because the price action was very weak. I could've risked intraday hod which was $54 for shorts. If all of a sudden the stock broke hod; I would've looked to long into strength. Always be open-minded!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-05 09:45:00 | LULU | sell | $53.600 | short |
2017-06-05 09:46:00 | LULU | buy | $53.250 | 0 |
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