Didn't FULLY accept the risk and paid for it by covering early. When a trader enters a trade, they need to fully accept the risk, meaning they are okay with the trade not working. A trader will only be okay if they know deep down that the trade was based on their strategy and risk parameters. In this case, the price never came back to my entry price and I covered for for a $.16 move instead of $1.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-24 09:45:16 | WTW | sell | $25.950 | short |
2015-11-24 09:54:34 | WTW | buy | $25.790 | 0 |
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