Shared by
boldandnuts
TIF reversed on spike into the previous day close. Then tested 131, came back down and tested 130.50. Tested several times over an hour. First 130.50, then 130.55, then 133.60.
Should have played this soooo many times.
BUT, when I finally had the guts to enter it soon broke out. But should have held on to it longer. Instead of a retest, just add back to the position...
When a Bid holds like this, the chances to go HIGHER eventually is greater than the Chances of breaking the original Level.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-08-28 11:12:00 | TIF | buy | $130.610 | long |
| 2018-08-28 11:16:00 | TIF | sell | $130.830 | long |
| 2018-08-28 11:20:00 | TIF | sell | $131.080 | long |
| 2018-08-28 11:21:00 | TIF | sell | $131.220 | 0 |
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