First day back from a lengthy leave... and it showed.
Wasn't watching the tape closely... was sort of just taking a short based on a "double top" at 27.55... but it really wasn't confirmed because it could have also been a "double bottom" looking at the same price pattern... and when I got in... the bids were absorbing at 27.45... and therefore forming a 2nd higher low... then it was squeeze city.
So the key here was that I was trading at a non-key level and not really letting the tape tell me when to get in. Also the tape was showing me that buyers were holding up and I should not be short.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-04-22 09:54:03 | AMD | sell | $27.455 | short |
2019-04-22 09:57:28 | AMD | buy | $27.580 | 0 |
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