Grade=D
The setup: buy on pullback to trendline
The result: Things were pretty extended in the newly established range toward 195. I guess I was counting on it getting back above 195 into the old range. The 5m chart makes it pretty clear that things are extended, so I shouldn't have expected much. My entry point would have been great for a short. I could have played the trendline break to the downside, but I think my bias and disappointment were too much at this point. That's something to work on.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-23 11:00:48 | SPY | buy | $194.400 | long |
2015-09-23 11:05:35 | SPY | sell | $194.290 | 0 |
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