Took LCI short with tight risk (either it works right away or I get out) looking for an end of day breakdown (possibly from longs liquidating before the close). The volume just wasn't there and there was no follow through. I took it off for a small loss.
It then appeared to be breaking down again so I shorted again, not a good entry, this time with stop above .05 which is where it had wicked to.
Both these trades were definitely C setups, if that.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-08-28 15:36:42 | LCI | sell | $8.010 | short |
2019-08-28 15:37:17 | LCI | buy | $8.040 | 0 |
2019-08-28 15:37:47 | LCI | sell | $7.970 | short |
2019-08-28 15:47:33 | LCI | buy | $8.060 | 0 |
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