Shared by
mwilson
Got caught in the spin cycle a little on GENE. It broke under 3 here and I thought it might flush to the 4EMA area at 2.56.
The reality is I planed to short at the 3.50 area and didn't get filled. I spent the rest of the day chasing the trade I should have had.
Lessons: Don't short weakness when under SSR. Don't get too fixated on one stock.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-01-30 13:02:27 | GENE | sell | $2.964 | short |
| 2015-01-30 13:02:27 | GENE | sell | $2.960 | short |
| 2015-01-30 13:02:27 | GENE | sell | $2.940 | short |
| 2015-01-30 13:02:36 | GENE | sell | $2.963 | short |
| 2015-01-30 13:17:14 | GENE | sell | $2.900 | short |
| 2015-01-30 13:17:14 | GENE | sell | $2.900 | short |
| 2015-01-30 13:18:03 | GENE | sell | $2.900 | short |
| 2015-01-30 13:18:03 | GENE | sell | $2.900 | short |
| 2015-01-30 13:59:46 | GENE | buy | $2.980 | 0 |
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I got stopped out of my short in the exact same spot. Afterwards I realized this was right at a descending trendline. That was my lesson that my sell rules can be bent for a valid technical reason.