just came out from a losing trade -20. BUT WOW great first good short trade!! finally a fader. to be honest I caught someone saying PTI ready to crack so I went to the chart and I saw that it was having trouble breaking 4.42 waited for a lower high jumped in at 4.21 super entry limit order set to 4.25 but the price stepped down as I entered my order. I try to top tick like Tony but didnt work so I cancelled and hit the ask price got filled instantly. I was risking the 4.25/30 area. I also waited to see on the 5m 5/15 ema cross over. She was tanking and I was looking at the 9ema steady staying over it. I lowered my stop to 4.10 so if ever it tried to popup I was still green, Target price VWAP but it sunk past it. OK covered 100shares to get some green and let the rest ride. really dumb move on my part I re-entered on a pop...NEVER AGAIN lowered my average by a lot!!! as soon as it hit support 3.80 it reversed and I think every one covered at that price for the price spiked and then covered all my shares. All in all super trade. (
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-11 14:22:51 | PTI | sell | $4.210 | short |
2019-02-11 15:04:17 | PTI | buy | $3.950 | short |
2019-02-11 15:25:10 | PTI | sell | $3.850 | short |
2019-02-11 15:50:51 | PTI | buy | $3.890 | 0 |
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