Shared by
E-Money
4/17/18
GS
Next time should aim try to close the gap; instead of getting out early, I should have stayed with it. Wasn't risking much- my entry was very good.
After studying previous levels of GS I knew $292 was an important level, serving as resistance. Shorted 100 shares at $291.99. I kept a tight stop- $50 max risk.
What I could do better next time is holding until I reach my target, or at least close to the price I want.
I also had a plan to buy it at $252.00, or very close to it. My thesis would have worked but it never reached exactly at $252.00- I remember the lowest price was $252.30, wanted to target $255.00.
On earnings, it is realistic to expect a stock to move more than it usually does.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-04-17 09:32:14 | GS | sell | $261.990 | short |
| 2018-04-17 09:33:50 | GS | buy | $260.790 | 0 |
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