In the attempt to redeem myself I to shorted on multiple occasions. First attempt I entered before confirmation because I thought it was going to be a bear cat bounce. The stock continued to go up so I exited. And in the 2nd attempt I entered at a potential break down point and eventually it broke down but I didn't covered quick enough when it dropped below. The stock ended up changing direction on me again so I exited. The lessoned learned is that this stock was in range and had very little volume to indicate any heavy momentum going in either direction. I should've took my loss during my first attempt and moved on. Also, the stock wasn't clean and provided noticeable support and resistance areas that I should've paid closer attention to.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-21 15:21:18 | AEO | sell | $13.360 | short |
2014-08-21 15:25:53 | AEO | buy | $13.400 | 0 |
2014-08-21 15:33:34 | AEO | sell | $13.340 | short |
2014-08-21 15:40:29 | AEO | buy | $13.340 | short |
2014-08-21 15:51:42 | AEO | buy | $13.360 | 0 |
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