Shared by
boldandnuts
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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