Shared by
nugrahaa
P/L +$193
Play 1:
Good Short entry at 66.15 that very close to Stop loss 66.23.
It form a strong hammer at noon and then just squeeze at 66.0.
Stubborn and ignoring it, i have to cover at 66.2 for small loss.
Play 2:
Silly me, 66.0 already broken but instead of buying Long i am Shorting again just to have the stop loss get hit quickly. (clear visible in 5 mins chart).
Play 3:
I see 66.8 is already peak, since it has a quick drop. So if can touch 67.0 it is just a bonus run.
Short entry 1000 shares just for scalping at 66.99 when it look paused from 67.0. Target 66.8. Stop loss 67.02.
Cover half when Target reach, and the rest at 66.68.
Lesson:
Should let go at 66 when see that hammer and squeeze zone.
Then keep watching for 'powerful' break out that could be either up or down.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-07 11:47:30 | DDD | sell | $66.150 | short |
| 2014-02-07 12:22:35 | DDD | sell | $66.000 | short |
| 2014-02-07 12:55:21 | DDD | buy | $66.200 | 0 |
| 2014-02-07 12:58:25 | DDD | sell | $66.200 | short |
| 2014-02-07 12:59:56 | DDD | buy | $66.310 | 0 |
| 2014-02-07 13:15:43 | DDD | sell | $66.990 | short |
| 2014-02-07 13:19:21 | DDD | buy | $66.820 | short |
| 2014-02-07 13:29:26 | DDD | buy | $66.680 | 0 |
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