Missed the move on this, found my self chasing. My initial thesis was playing off the weakness around the 15.08 area. I was willing take a position at 15.08 area thinking we were going to see more weakness. I knew that there was a chance that it could bounce a little but didnt like the action and decided to cut it. tried again once more but really wasnt seeing the type of selling I was looking for on the level 2 so I cut the second position as well.
Not at all happy with the entry, but I think this was a case of fomo. I had been staking this chart for the last week and when I came back to look at the chart through the day I realized the large move from .26-.08 had occured. I was still confident there was more because it was yet to have a day like this where it gave back so much of the move before the afternoon.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-15 12:08:09 | BBBY | sell | $15.080 | short |
2020-01-15 12:11:14 | BBBY | buy | $15.145 | 0 |
2020-01-15 12:13:16 | BBBY | sell | $15.145 | short |
2020-01-15 12:21:46 | BBBY | buy | $15.155 | 0 |
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