was too patient here, covered some into the move down should have covered all at that area but thought it would test the highs and move back down . Turned out to be a full on reversal
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-23 09:35:42 | KMX | sell | $51.560 | short |
2014-06-23 09:39:09 | KMX | buy | $51.010 | short |
2014-06-23 09:56:49 | KMX | buy | $51.848 | 0 |
really nice entry, and even better first cover! Although I might have made my stop at my buy price after taking that initial partial profit.
yeah i should have done that. I was tempted to let it test the highs and then fade, but it took off. What I failed to notice was that it tested the high of the day before and that candle at the bottom with the big wick was a reversal candle from a support, a double reason to cover right then and there. But in the heat of the moment i didn't notice the important support
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Hot Damn!!!! NICE!