I almost did not share this trade. This was a classic FOMO in. I knew it right away. I even went to close out a few seconds after I entered. I should have been thinking about going for a long scalp as it neared the support level that I went short at. I convinced myself that this would be a good setup to try and fight for price. Which at one point, I did and could have gotten out at a very minimal loss. But, my thesis was wrong on it ending lower that day. I didn't have a good plan to exit once I had blown my entry and the averaging in worked so quickly that this just got worse over the hour or so that I held it. This trade ends up being the biggest difference in me turning a small profit for the month of march.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-03-20 09:38:15 | FDX | sell | $169.790 | short |
2019-03-20 09:49:26 | FDX | sell | $170.960 | short |
2019-03-20 10:08:05 | FDX | buy | $171.950 | short |
2019-03-20 10:08:23 | FDX | buy | $171.908 | 0 |
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