Shared by
EL_BOWS
This set me on tilt big time today. I had the right idea, but the execution was lacking. The issue, as usual, was position sizing. Each trade was a max-loss trade, making this a supreme pain in the arse.
First short was on a no-volume pullback to the MA. Covered as is broke above. Re-shorted (at cover spot) as it started to break back down. Covered those shares as it broke $17.
Re entered as it broke down through the MAs, shorted as it popped up through them again due to heavy position size. The next candle it stared the flush; I was just too early, and too heavy.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-04-04 10:08:05 | ARWR | sell | $16.600 | short |
| 2014-04-04 10:11:16 | ARWR | buy | $16.920 | 0 |
| 2014-04-04 10:12:06 | ARWR | sell | $16.920 | short |
| 2014-04-04 10:15:08 | ARWR | buy | $17.050 | 0 |
| 2014-04-04 10:25:37 | ARWR | sell | $16.670 | short |
| 2014-04-04 10:28:41 | ARWR | buy | $16.870 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!