MU held the Ask and rejected it. It really fought, but couldn't go above 53.50. I was very shy here as it would be my last trade and I was gross green, but net-negative.
My Entry was a bit too early as I expected MU just to spike into it before reversing hard.
It remained at .50 for quite a while and at times I thought it would lift and rally. Or spike up, just to take out stop orders and reverse hard. Hence I was on my toes and watched the tape very closely. Hard stop just at .51.
Did good on the two profits I took. I still expected it to retest .50 or even break.
It did retest but did not get above .46.
I am happy to have stuck with it and close it with a nice profit.
For improvement I should have seen this as a Backside Trade and trade it!!! I did not see it until it had happened. I was so focused on the .50 and run up that I missed it.
Profit on the last piece was good. Last trade of the day and really good finish.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-09-11 12:00:00 | MU | sell | $43.460 | short |
2018-09-11 12:00:00 | MU | sell | $43.470 | short |
2018-09-11 12:07:00 | MU | buy | $43.410 | short |
2018-09-11 12:08:00 | MU | buy | $43.380 | short |
2018-09-11 12:18:00 | MU | buy | $43.170 | short |
2018-09-11 12:19:00 | MU | buy | $43.190 | 0 |
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