Shared by
kt_mishra_BOWS
Entry 1: SHORT : Flag breakout failure / fade play
Exit 1: stopped out
Entry 2: SHORT : To get back in from the previous entry's failure
Exit 2: Covered to secure profits to make up for the previous loss
Entry 3: SHORT : Flag breakdown and 9EMA bounce (close to 9EMA)
Exit 3: Covered to take out profits.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-15 11:04:15 | KBR | sell | $34.370 | short |
| 2014-01-15 11:12:59 | KBR | buy | $34.500 | 0 |
| 2014-01-15 11:25:36 | KBR | sell | $34.160 | short |
| 2014-01-15 11:29:47 | KBR | buy | $34.080 | short |
| 2014-01-15 11:31:56 | KBR | buy | $34.010 | short |
| 2014-01-15 11:39:46 | KBR | buy | $34.000 | 0 |
| 2014-01-15 11:46:23 | KBR | sell | $33.850 | short |
| 2014-01-15 11:54:04 | KBR | buy | $33.680 | short |
| 2014-01-15 11:56:42 | KBR | buy | $33.590 | short |
| 2014-01-15 12:01:21 | KBR | buy | $33.500 | short |
| 2014-01-15 12:10:01 | KBR | buy | $33.500 | 0 |
Comments
Sayed
Micro management on this trade. Short 34.16, Cover 34.08! that only .08c ! just chill a bit and let it do its thing.
silverholden
Once it flushed and was riding the 9 EMA down, it never even tested it until 1:00. Why cover?
kt_mishra_BOWS
I'm not sure.. :) I think it' cos I took a loss on the first entry, and wanted to get back what I lost before I was confirmed of more profits..
I'll do that, @Sayed @Nape!
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Stop should have been hod when one your first attempt, then just let is ride down.