Shared by
Leon64
Target: $90.75s or lower | 1:1
Risk: $400 vs. $92.90
Setup: I wanted to get short @ $93.80 but was too slow. I was too slow to get the 5min setup, so I settled with an hourly play.
Cons:
1. I had a feeling it would go lower, but was scared out of the higher high from the 1m. I knew this stock was good, so I should have held my stop at $91.70.
2. I risked way too much and got way too emotional on my second entry. The time I got out was my time to add. I really fucked up this trade.
3. I should not let lower timeframe moves affect my psyche. Probably better to risk less.
Note: I saw the MMs support this stock on the LVL2 which indicated a temporary bottom. Interesting observations.
Old Blog:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-15 12:24:00 | FSLY | sell | $92.000 | short |
| 2020-10-15 12:56:00 | FSLY | buy | $90.811 | 0 |
| 2020-10-15 13:03:00 | FSLY | sell | $90.100 | short |
| 2020-10-15 13:03:00 | FSLY | sell | $90.100 | short |
| 2020-10-15 13:03:00 | FSLY | sell | $90.100 | short |
| 2020-10-15 13:03:00 | FSLY | sell | $90.100 | short |
| 2020-10-15 13:05:00 | FSLY | buy | $89.914 | 0 |
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