Shared by
Nitso_BOWS
Was looking for a breakdown of the lows here. Price was below MA's and VWAP...risk was above those at 29.77 and reward was 28.75 (premarket support). Price didnt drop so got out for a loss.
After the daily review w/ Kunal I know what I did wrong here. I was sricly looking for price levels without taking into account how overextended something is...it also is just 2x taps... so keeping that in mind moving forward.
I also was learned to play stocks off of levels so its breaking a bad habit since my eye goes to those first
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-09-10 10:35:59 | NPSP | sell | $29.520 | short |
| 2014-09-10 10:41:15 | NPSP | buy | $29.798 | 0 |
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