This was a forced trade and a mistake on my part. There is no set-up here and I was just looking to make up some gains as I have always thought of YELP as a short after earnings last Friday. Obviously, this was a not a short candidate today and a trade that could have been easily avoided upon further analyzes. I need to trade what the market is telling me instead of constantly thinking about how much I have lost or gained so far.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-10 11:43:11 | YELP | sell | $44.690 | short |
2015-02-10 12:19:41 | YELP | buy | $45.080 | 0 |
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yooo if u short it while its pulling back then its just gonna bounce.. just like when u chase a buy it pullback