Shares traded: 10000
Closed P&L: +$410.50
Two Trades-Shorts
First
Setup: Bear Flag Breakdown
1500 Shares
In at 6.76
Target: 6.60
Stop: 6.81
~3:1
I went to sell 1/2 at 6.71 and made a mistake. Instead I sold off all.
Totally my fault for not being more careful with clicking things.
Second
Setup: Bear Flag Breakdown
3500 Shares
In at 6.653
Target: 6.55
Stop: 6.70
~2:1
Sold 2000 at 6.60. I think got a little nervous and sold off because it kept holding at 6.69 for quite sometime. I was afraid it was going to reverse and want to cover myself in case it did.
Sold 1000 shares at 6.51
Closed at full when it hit 6.48
Thoughts I could have done much better with this trade. Believe me I will be kicking myself for it.
For both I feel like I went in a bit too early in anticipation of the breakdown. Had I timed it better I wouldn't have gotten the itchy finger at $6.60 in the second trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-21 09:45:00 | PRKR | sell | $6.760 | short |
2013-10-21 09:52:00 | PRKR | buy | $6.710 | 0 |
2013-10-21 11:01:00 | PRKR | sell | $6.653 | short |
2013-10-21 11:34:00 | PRKR | buy | $6.600 | short |
2013-10-21 11:40:00 | PRKR | buy | $6.510 | short |
2013-10-21 11:41:00 | PRKR | buy | $6.480 | 0 |
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tricky one.. intraday wasnt moving clean