Dead cat bounce setup. The stock dropped after my entry but then popped back up. I expected to hit resistance so I shorted some more shares. I allowed my mental stop to be too tight and once it went against me for a split second I exited my position. Right after that it tanked.
I should've had my mental stop at 7.35.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-29 10:07:18 | ARRY | sell | $7.280 | short |
2015-01-29 10:26:46 | ARRY | sell | $7.270 | short |
2015-01-29 10:28:12 | ARRY | buy | $7.290 | 0 |
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