Took this short on chatroom alert and bailed because it popped a little bit. I get scared shorting stocks early in the day so I panic sold and should've waited it out. Oops.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-05 09:41:40 | FIVE | sell | $37.875 | short |
2014-12-05 09:45:42 | FIVE | buy | $38.000 | 0 |
Hey Ben, I don't remember if I've said this before-so don't hit me if I have, but in this kind of situation, it calms me a bit to notice that the bars can't break the prior bar's high. In this case (on the 5 minute) it kept making lower lows until the 7:10 bar. On the 3 minute til 7:06. 1 and 2 minute charts were more choppy
I need to be reminded of exactly that all the time tombro! Thanks for taking the time to look at my trades. I had no good reason to cover so soon on this.
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Idea stop was just above this area..http://screencast.com/t/H1II6et83