Jun 262013
 

I arrived at my trading desk at / near 7:20 just before the revised GDP report.
I watched the market rise (on mobile) all morning and noticed earlier that it was at an extreme but I was not confident it would drop because of the underlying volume pushing it up.

When the GDP report was released, I noticed an obvious top and I decided to take a stab at a short.  The results are below in the charts.  The only thing I should have done was trail my stop for a few more ticks.  That is easy to see in hindsight but in actual trading, the trailing stop would have gained maybe one or two ticks at the most.

Over all, I’m happy with the results of the trade and target selection.  A 10 contract trade on this trade would have been heaven but as they say, no balls, no glory…  :-)

Trade entry 6/26/2013

Trade entry 6/26/2013

Trade target placed 6/26/2013

Trade target placed 6/26/2013

Trade Exit 6/26/13

Trade Exit 6/26/13

After the Exit 6/26/13

After the Exit 6/26/13

 

 

 

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