Shared by
clovisskyline
GE was going up fast today hitting a resistance point at $8.18 when I went long thinking it wold brake but it found another resistance at $8.20 where it bounced and dropped.
I could not get on the right side, once it dropped I tried to short but it bounced back and kinda went sideways in between 8.06 -.08
What I did wrong: I should had waited to break 8.20 to go long, since it didn't, I should had got in short at 8.18 instead of 8.15
What I did right: I looked at resistance and support for a point of entry and I was trying to follow the trend going up. Also, I got out fast when it went against me for a $1 scratch.
Improvements to be done: I need to understand trend line better for better entries and need to think less and act faster.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-03 11:54:45 | GE | buy | $8.180 | long |
| 2019-01-03 11:59:15 | GE | sell | $8.140 | 0 |
| 2019-01-03 12:10:58 | GE | buy | $8.120 | long |
| 2019-01-03 12:16:01 | GE | sell | $8.150 | 0 |
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