Shared by
tomr_BOWS
Daily: Gap-down
Intraday: Pre-market
Gain: -$135 (-1.8%) Exceeded max loss of $100!!!
Shares: 200
Stop: $39.00
Watched pre-market data and took short position when stock broke pre-market range and VWAP and 9EMA held resistance. Stock didn't flush and changed direction. My stop placement was way too loose and I should have exited the trade much sooner before taking such a big loss.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-31 09:34:31 | MAT | sell | $38.330 | short |
| 2014-01-31 09:34:32 | MAT | sell | $38.320 | short |
| 2014-01-31 09:34:32 | MAT | sell | $38.320 | short |
| 2014-01-31 10:03:57 | MAT | buy | $39.000 | short |
| 2014-01-31 10:03:57 | MAT | buy | $39.000 | 0 |
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