Shared by
eugene_p
This losing trade was OK as there were good reasons to short the stock: lower high, dove under vwap and held and made another lower high on a smaller timeframe. The one thing here I am upset about is I was trying to make money back after I lost on $SNDX. Instead of trading with smaller risk after cnsecutive losing trades in order to get my confidence back,I was trading with bigger risk on this trade. Instead of %25 per feeler trade i put %10. I need to do something about this mentality of trying to make money back after starting a day with some losing trades.
Will think it over on the weekend. If you have any suggestions pease share in comments what works for you!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-31 09:53:08 | IBM | sell | $141.920 | short |
| 2020-01-31 09:53:44 | IBM | sell | $142.000 | short |
| 2020-01-31 09:59:19 | IBM | buy | $142.510 | 0 |
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