Shared by
boldandnuts
Trade#2 for a Top Reversal at Resistance
Bad entries here. The initial idea was to take a short at 176.80 at the previous day's close. $AAPL never traded there, but respected 176.50. A too careful approach of me after AAPL traded up after the dip. It sold into VWAP and I thought it might make another leg up, but saw resistance and got faked into a breakdown before AAPL made that leg up to test 176.50 and reject it. At 176.30 I added more for a final add at 176.80 that wasn't reached. Stuck wit my position just to take off half at break-even on another fake break to the upside. Amateur move. AAPL traded very erratic.
Eventually took the trade off way too soon and missed most of the move down.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-11-23 09:45:00 | AAPL | sell | $175.811 | short |
| 2018-11-23 09:46:00 | AAPL | sell | $176.340 | short |
| 2018-11-23 09:51:00 | AAPL | buy | $176.110 | short |
| 2018-11-23 09:54:00 | AAPL | buy | $176.060 | short |
| 2018-11-23 10:02:00 | AAPL | buy | $175.360 | short |
| 2018-11-23 10:03:00 | AAPL | buy | $175.360 | 0 |
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