Reshorted not long after getting stopped out when price made a lower bounce down off the 50ma and broke the bear flag trend line,
Stop placed just above last high where I got stopped out.
I should have paid more attention to the higher lows and the trendline break through the 50ma.
I could have exited much earlier and saved some money but instead let the trade play out.
The thing is that at no point was I really confident about the trade.
I must trust myself to do the right thing when it is needed.
Sometimes that means exiting a good trade with a small loss but escaping the larger losses that occur when I have entered on the wrong side.
Once again I was stopped out exactly at the high of the move. Poobags.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-27 15:26:38 | CAG | sell | $37.400 | short |
2015-04-27 15:26:38 | CAG | sell | $37.400 | short |
2015-04-27 15:50:52 | CAG | buy | $37.320 | 0 |
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