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Shared by
boldandnuts

 

FB

Jan 10, 2019 12:49


Tags:

Bad Exit Big Order Good Entry Half Dollar Held Ask Resistance Play

How not to trade a Top Reversal...

Stupid, stupid me. 144.50 was a decent level and I saw a big order and the half dollar hold. Took a short starter, but did not trust it and was afraid of giving back gains by the break out that it always made it in the past weeks.

To my surprise it held. Missed the whole party :-(

Should have just given it a moment with a stop above the half dollar.


Execution detail:

Date/time Symbol Side Price Position
2019-01-10 12:49:00 FB sell $144.460 short
2019-01-10 12:51:00 FB buy $144.490 0


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