This actually would have been a perfect Resistance Play in hindsight... I was too focused on playing bounces instead of taking a step back and just reading tape to see who was really in control... had I done that I probably would have just joined trend and taken the short... the long was only valid if we got back above 23.2 and then put in some sort of consolidation or lower high above 23.15/23.20 area... but it didn't and offers absorbed at 23.15 and then quickly started stepping down.
Worse than my entry was my exit... I was stubborn... I only had half size so I gave it too much room and therefore took a much bigger loss than I needed to.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-03-06 10:09:41 | AMD | buy | $23.149 | long |
2019-03-06 10:21:04 | AMD | sell | $22.950 | 0 |
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