There was no real set-up here. I only entered because it had a very short coil right below my resistance level of 17.22. I was long 500 shares at 17.16 and scaled out 100 shares at 17.50 and another 100 at 17.53 as it spiked. I needed to place my stop at my buy price at this point to turn this into a no lose trade. I didn't, and held on way to long selling the remaining 300 shares at 16.76. I turned a gain into a loss by being lazy and trading when there is no set-up. If anything this was a short today as it broke the trend line from the first two lows in the morning. My long bias clouded me from seeing this.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-12 10:25:36 | JNUG | buy | $17.160 | long |
2015-03-12 10:36:25 | JNUG | sell | $17.500 | long |
2015-03-12 10:41:22 | JNUG | sell | $17.530 | long |
2015-03-12 11:02:07 | JNUG | sell | $16.760 | 0 |
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