Bad Entry. FB was strong and ran trhough 131.50, but I had placed a limit order that got filled. $FB consolidated above it, finding support at my entry. When it looked like it would sell off in a fake breakdown, I added another partial. It ran up.
On the reject of 133 I added more, but FB found a bid again and made another stronger move up. Instead of waiting I added more at 133.30 to watch it test 134 and an average of 132.48 on 140 shares.
$FB rejected 134 and pulled to find support at 132.50 where I took off half for a tiny loss and watched it make another leg up.
On the retest and when it looked weak, I added back at 133.50, but it was another fake move for a retest of 134 that I, again, did not use for an Entry. It was tested TWICE before FB eventually sold off on volume. My average now 132.85.
I started to take off more into 133 for another small loss, that was not necessary. On the rest i was faked out when it looked like it found support. What was left of my position was too small to make an impact and I wanted to see a selloff like in AAPL. At least into VWAP at 131.
Took off the trade at break-even. Bad performance, Markus. Focus on less stocks and trade these well!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-11-20 10:22:00 | FB | sell | $131.501 | short |
2018-11-20 10:32:00 | FB | sell | $132.240 | short |
2018-11-20 10:39:00 | FB | sell | $132.850 | short |
2018-11-20 10:41:00 | FB | sell | $133.320 | short |
2018-11-20 10:48:00 | FB | buy | $132.610 | short |
2018-11-20 10:57:00 | FB | sell | $133.580 | short |
2018-11-20 11:15:00 | FB | buy | $133.040 | short |
2018-11-20 11:17:00 | FB | buy | $132.389 | short |
2018-11-20 11:23:00 | FB | buy | $132.580 | short |
2018-11-20 11:37:00 | FB | buy | $132.850 | 0 |
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