Shared by
swinging_long
Shorting is not yet a part of my trading plan for this reason exactly. I have not studied enough successful breakdowns to understand the dynamics of a short trade. I need to stay away from these for now as I have a very clear weakness.
Since I was so "sure" that the crack was coming, I sized in without taking into account how much I'd lose. I definitely would've lost more than my max loss per trade but I ended up losing significantly more on this one due to slippage.
Lessons to take away:
- do not short
- be mindful of amount of $ risk being taken; I need to worry more about how much I stand to lose than I stand to win. The winners will take care of themselves.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-06-10 09:51:15 | ACHN | sell | $6.110 | short |
| 2014-06-10 09:52:28 | ACHN | buy | $6.257 | short |
| 2014-06-10 09:52:28 | ACHN | buy | $6.258 | 0 |
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