Entry comments: Huge red day on the worse type of news possible. I watched this bounce from $3.68, so I want to scale into a swing short position on this bounce as I think it will retest the lows this week. First position is $1 above the new 52-week low, in some consolidation.
Exit comments: Phew! What a trade! Was patient into the morning panic, saw the dip towards $5.08, then it held so managed to get out at 5.09 before it bounced hard to $5.82. Perfect exit and execution, as I wrote about in my trades, sticking to my plan and taking what the market gives me. Due to SSR being on, and margin requirements increasing due to volatility, I needed to get out of this trade. -$40 - $1.47 comm = -$41.47 loss
Broker:Interactive Brokers
Date | Price | |
---|---|---|
Entry | 4/23/2018 | 4.69 |
Exit | 4/24/2018 | 5.09 |
- Total Views83
- Position Size100
- Percentage-8.53%
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