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Sep 5, 2018 09:49


Stopped Out Resistance Play Good Entry Good Full Dollar EMA20

28 was a premarket and resistance at the open I had in mind for a short.

When $JD approached that level, I saw the 28 Ask hold and get rejected. It was very hesitant once it got close.

I should have taken 2 lots instead of 2 times one lot.

Exit on the first part was ok and profit on the second as well when I saw some support on the bid. I should have been more patient and taken profit at the intraday support of .75 that I clearly saw. As I had only 50 left and was eying a bigger move, I missed out here.

Also, when JD tested 28 again, we spiked above it quickly when I was stopped out. Just after adding to my position. Before it sold off... tada.

Next trade, for the Backside, I did good :-)

Execution detail:

Date/time Symbol Side Price Position
2018-09-05 09:49:00 JD sell $27.980 short
2018-09-05 09:49:00 JD sell $27.990 short
2018-09-05 09:50:00 JD buy $27.880 short
2018-09-05 09:50:00 JD buy $27.930 short
2018-09-05 09:56:00 JD sell $27.990 short
2018-09-05 09:57:00 JD buy $28.020 0

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