Shared by
E-Money
RHT:
Had earnings and gapped up. High relative volume, setup was descending triangle/bear flag.
9:38- Shorted 100 shares at $163.16, placing my stop above the peak of triangle. Added another 100 shares on the retest.
9:40:37- Trimmed 100 shares in anticipation of whole number support at $162- wanted to see it break $162.
9:40:57- Trimmed 50 shares at $161.39 once it broke down, and got close to $161.
9:45- Trimmed 25 at $161.40, most likely because of hammer and large volume...should have held.
9:47:09- Covering last 25 shares at $160.33, when it got close to $160 support.
1) Taking profits too quickly, also could have gotten back in when it broke the low at the time around 10:00-11:00AM.
2) Could have held onto remaining shares to capture more of move.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-03-27 09:38:13 | RHT | sell | $163.120 | short |
| 2018-03-27 09:38:59 | RHT | sell | $163.650 | short |
| 2018-03-27 09:38:59 | RHT | sell | $163.650 | short |
| 2018-03-27 09:40:37 | RHT | buy | $162.160 | short |
| 2018-03-27 09:40:57 | RHT | buy | $161.390 | short |
| 2018-03-27 09:45:54 | RHT | buy | $161.400 | short |
| 2018-03-27 09:47:09 | RHT | buy | $160.330 | 0 |
Comments
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nice trade with morning momentum