Shared by
ckz8780
Failed short breakdown. This was a lapse in management as well as I was working with another trader who thought it would be wise to add to my short position once it bounced back to $54.00. This raised my position size beyond my preferred limit and I ended up with a position size twice as large as I wanted. Cut it for a $60 loss around 10:30 when it looked like it was going to break the flag...which it soon did and ran another 50 cents upwards. This was a great short setup but bad management (and some irrational price movement bouncing back and forth $1 at a time!) killed it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-08-31 10:05:22 | SWI | sell | $54.050 | short |
| 2012-08-31 10:15:11 | SWI | sell | $53.990 | short |
| 2012-08-31 10:19:32 | SWI | sell | $54.230 | short |
| 2012-08-31 10:28:20 | SWI | buy | $54.450 | short |
| 2012-08-31 10:36:51 | SWI | buy | $54.450 | 0 |
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