Grade=D
P/L= 0.3R
Entry: shorted a bounce. I was picking a top which is against my rules.
Result: I pulled my stop in when things moved down slightly. Not a good entry to pick a top here, but luckily my stop management saved me from a loss. It would have made a nice long entry after the pullback and the consolidation.
Lesson: Don't underestimat the power of the trend, especially in the morning. It's also against my rules to short a strong stock in the AM.
Execution detail:
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!