Shared by:
chanel
Heavy selling at 33.99
Entered at 34
Target of 33.49 (2R risked on 25 cents)
Sold too many in the 33.60’s and didn’t realize it until I had only 10 shares left.
Sold the last bit when it got back up to 33.90.
Still need to work on reasons to sell and trade management. Holding half a position until 2R is reached then moving stop to break event. OR I could start scaling in then getting out at my profit target.
Positive of this trade is that 34 was a level I saw during pre-market. DKS had formed a pre-market flag. The flag was broken 10 minutes into the trading session then it retraced to $34 and once I saw big money selling, I went short with my stop just above the VWAP and a price that would make the setup invalid.
Preparation Grade: C+
Why?
scanning and game plan was half ass. Did it when I was tired. Although the pre-market preparation was on point.
Game Tape:
Execution detail:
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