**Shorted JNJ originally around 139 and was stopped out, but I fought for price and got a solid entry at 140 resistance. Immediately I was right in the trade and the stock seemed very weak. I covered 1/2 position at around 137.5 because that was 1/2 my original best case scenario, but I kept 1/2 to see how much further it could go. I took 1/4 off at 135 and kept the last 1/4 until around the bottom at 131. I reshorted on the quick bounce to 133, and scaled out into the retest of the lows. I was stopped out of all my position at 133.3. I attempted to reshort at VWAP, but the stock was trading very wicky and most of the easy opportunity was gone. I executed well on management of the trade, but should have scaled up more around 140.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-12-14 10:14:48 | JNJ | sell | $139.900 | short |
2018-12-14 10:16:53 | JNJ | buy | $140.060 | 0 |
2018-12-14 10:18:12 | JNJ | sell | $139.110 | short |
2018-12-14 10:24:47 | JNJ | buy | $139.300 | 0 |
2018-12-14 10:28:30 | JNJ | sell | $140.050 | short |
2018-12-14 10:46:13 | JNJ | buy | $137.310 | short |
2018-12-14 11:11:18 | JNJ | buy | $135.060 | short |
2018-12-14 11:35:12 | JNJ | sell | $132.450 | short |
2018-12-14 11:36:13 | JNJ | buy | $132.880 | short |
2018-12-14 11:36:50 | JNJ | sell | $132.450 | short |
2018-12-14 11:38:18 | JNJ | buy | $131.910 | short |
2018-12-14 11:41:10 | JNJ | buy | $130.540 | short |
2018-12-14 11:56:01 | JNJ | buy | $133.320 | 0 |
2018-12-14 12:53:00 | JNJ | sell | $135.710 | short |
2018-12-14 12:54:31 | JNJ | buy | $135.880 | 0 |
2018-12-14 13:01:56 | JNJ | sell | $135.550 | short |
2018-12-14 13:02:56 | JNJ | buy | $135.850 | 0 |
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