Shared by
GingerSquid_BOWS
Bad entries and just pissed. I new this was going down but I didn't catch the entry. I needed to wait till end of day but I stopped watching it :/
Positive about this trade is that I at least stuck to my R&R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-22 09:43:31 | NLNK | sell | $35.635 | short |
| 2014-01-22 09:49:51 | NLNK | buy | $35.900 | 0 |
| 2014-01-22 10:19:20 | NLNK | sell | $35.100 | short |
| 2014-01-22 10:19:20 | NLNK | sell | $35.100 | short |
| 2014-01-22 10:22:42 | NLNK | buy | $35.320 | short |
| 2014-01-22 10:22:42 | NLNK | buy | $35.340 | 0 |
Comments
EL_BOWS
First entry wasn't awful, but you tried to anticipate instead of waiting for confirmation. Oly pointed out the 3 subsequent green, low volume candles. See how the volume picked up on the red candles that followed? That's a better entry, or if you prefer to wait for confirmation, the 3rd red candle where it broke through the MAs.
Second entry was a chase; really extended there.
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First short looks like you anticipated the orb - I would be nervous about the big down wick on the previous candle and the closeness of the previous day close.
When it pulled back and had those 3 small candles you could maybe have played that as a pullback - stop above them and target previous close.
2nd entry looks like you were anticipating a green-to-red kind of move and you closed quickly when it didn't work out - decent attempt in my opinion.