Poor idea, felt like I was rushing to execute something rather than actually confirming a good trade. Watched it bouncing off the resistance level, and hadn't hit any newer highs the entire day. However, given the catalyst from the previous days, this was kind of inevitable and I should have paid more attention. #KWYO.
EKSO was the play that I was too scared to make with the borrow fee, and even then it would have been more profitable. Trade your plan.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-26 11:38:15 | WKHS | sell | $8.985 | short |
2020-06-26 11:38:16 | WKHS | sell | $8.985 | short |
2020-06-26 11:45:58 | WKHS | sell | $8.975 | short |
2020-06-26 11:49:26 | WKHS | buy | $9.200 | 0 |
Usually I'd agree, but with how I've seen the market going and with how it started behaving after I entered, I feel I should have recognized the chance to get out before it broke out.
This was actually my first trade not on paper, so I wanted to keep the stop relatively tight and not get crazy on size.
Thanks for the feedback! I'll take a chance for a replay this weekend.
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I took the same trade for a scratch( instead of -1R).However the tape said a story, its usually not suppose to reclaim broken levels especially after hitting lows.
Replay tape if you get a chance :) Regardless good stop out on that one.