Shared by
d3totherescue
Breakdown
Trade Idea:
It stuffed at $4.80 twice, and so I was looking for a short opportunity. There were more wicks, and I added to the short because there was selling pressure. WI was looking for a bigger move when $4.50 are broke.
Risk Management:
Risking the $4.63 area for a stop, but I covered on the wash. The r/r was 2:1. Could have risked more on the short.
Improvement:
-More shares
-Short on pops. When you saw the the wicks to 4.65-4.70 area then get short on the wicks.
Do not wait for the price to head lower.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-01-18 09:38:00 | CNET | sell | $4.500 | short |
| 2018-01-18 09:38:00 | CNET | sell | $4.570 | short |
| 2018-01-18 09:40:00 | CNET | buy | $4.350 | short |
| 2018-01-18 09:43:00 | CNET | buy | $4.450 | 0 |
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