Shared by
ckz8780
Intraday short. I tried to short a bounce off the 20sma and daily resistance in this weak stock since the first bounce was very weak and it was a nice low-risk entry. I had my stop set originally at $11.37 and was sized to risk only $60 which was fine, but I did not honor my stop and covered manually at $11.29 (the high of that spiky candle right at the top of the first bounce on the 5 min chart below). That was a huge mistake. I passed up over a $200 gain by trying to save myself $15.00 in loss and not honoring my stop. Lost $41.43.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-10-10 10:41:37 | AMRN | sell | $11.160 | short |
| 2012-10-10 10:58:03 | AMRN | buy | $11.298 | 0 |
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