Shared by
boldandnuts
THE TRADE I should have waited for and have been waiting for the whole day!!!
I used the previous highs to initiate a position.
I am even proud on my add at 70.24 when we rejected the 70.40 level as SIG clearly showed weakness. I moved my stop to break even just above 70.50.
Profit taking was decent. After the losses I took before I did not want to get stopped out break-even and wanted to take profits on the way. Although I left some on the way.
I missed an extra profit target at 69.60s and should have doubled UP on the retest after at highs of 70.40s. That would have allowed a good tight stop of 10-30cts.
Finally it broke and I scaled out as we got to VWAP.
Even went long tiny size on the bounce off of VWAP.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-08-30 12:02:00 | SIG | sell | $70.760 | short |
| 2018-08-30 12:18:00 | SIG | sell | $70.240 | short |
| 2018-08-30 12:21:00 | SIG | buy | $69.920 | short |
| 2018-08-30 12:25:00 | SIG | buy | $69.900 | short |
| 2018-08-30 12:35:00 | SIG | buy | $69.720 | short |
| 2018-08-30 12:37:00 | SIG | buy | $69.230 | short |
| 2018-08-30 12:44:00 | SIG | buy | $68.430 | short |
| 2018-08-30 12:46:00 | SIG | buy | $68.230 | 0 |
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