Shared by
Camglinton_BOWS
I was going against the trend here and paid big time. I thought the big red candle around 11:10 was distribution, and went short. I averaged down into a bad trade and paid dearly... I thought the stock might reverse around 1:00, but it kept going and I lost more. my worst trade yet... Please give me some feedback on this one for what to look for, I don't want to do this again. Wiped all my gains out for the week.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-26 11:19:33 | GPRO | sell | $67.655 | short |
| 2014-12-26 11:20:26 | GPRO | sell | $67.700 | short |
| 2014-12-26 11:24:26 | GPRO | sell | $67.710 | short |
| 2014-12-26 11:52:29 | GPRO | buy | $68.299 | 0 |
| 2014-12-26 12:29:21 | GPRO | sell | $68.950 | short |
| 2014-12-26 12:44:46 | GPRO | buy | $68.910 | 0 |
| 2014-12-26 12:47:02 | GPRO | sell | $68.790 | short |
| 2014-12-26 12:55:23 | GPRO | sell | $68.900 | short |
| 2014-12-26 13:07:49 | GPRO | sell | $69.300 | short |
| 2014-12-26 13:33:00 | GPRO | buy | $69.547 | 0 |
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