Shared by
youngcb1_BOWS
Chased the stock thinking that it had a chance to run up some more. It squeezed up only to drop back down to my entry. I quickly exited as it began to consolidate. I re-entered thinking it was going to make another attempt to reach near highs. But it hit resistance at $24.8 and dropped down, so I exited.
I had no set up in my first entry so I should've never entered. In my second entry was an attempt to try to recover for my previous chase. All in all, I had no legitimate case for entries in my favor.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-09-09 15:21:08 | UVXY | buy | $24.940 | long |
| 2014-09-09 15:24:46 | UVXY | sell | $24.920 | 0 |
| 2014-09-09 15:28:55 | UVXY | buy | $24.750 | long |
| 2014-09-09 15:31:26 | UVXY | buy | $24.800 | long |
| 2014-09-09 15:34:15 | UVXY | sell | $24.770 | 0 |
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