Shared by
d3totherescue
Major Level Stuff
Trade Idea:
The stock was up on no news. And I saw that there were stuffs at the 17.50 area, so I got short on the pop.
Risk Management:
Risking off the 17.60s area, so it was a small risk. I held o/n because I had covered 1/2 for a scalp. I did not want to cover it for a scalp, but I made a mistake.
Improvement:
-If you have defined risk, do not take if off for a scalp
-Do not hold o/n because you "think" it'll go lower
-Add to your short when the stock is heading lower
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-01-24 10:49:00 | MAT | sell | $17.530 | short |
| 2018-01-24 10:50:00 | MAT | buy | $17.450 | short |
| 2018-01-25 09:33:00 | MAT | buy | $16.760 | short |
| 2018-01-25 10:27:00 | MAT | buy | $16.720 | 0 |
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