Shared by
boldandnuts
JNJ had it with me today. This was the first time I got faked into a breakdown play that was bought up after my entry. Unfortunately I also pressed my sell button twice for whatever reason. Hit the low with my short. Stuck with my position for a pullback, did not add, but let it play out to get out break-even. Took a loss eventually.
My bias on JNJ was short for continuation after the 10% loss it had on Friday. I knew there would be some pullback where shorts would cover before piling back in, but that took longer than I expected.
When JNJ broke VWAP I thought it would selloff and stuck with the last shares. Took it off when it broke back above break-even. Well deserved loss over all. Bad trading, Markus.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-12-17 09:31:00 | JNJ | sell | $128.330 | short |
| 2018-12-17 09:31:00 | JNJ | sell | $128.310 | short |
| 2018-12-17 09:34:00 | JNJ | buy | $128.770 | short |
| 2018-12-17 09:39:00 | JNJ | buy | $128.220 | 0 |
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