TRADE: After shorting, changed bias to Long. 100 shares at 9c risk. Tape showed weakness and took out risk. Decided to just monitor.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-14 14:13:14 | BBBY | buy | $25.330 | long |
2021-04-14 14:13:20 | BBBY | buy | $25.320 | long |
2021-04-14 14:15:05 | BBBY | sell | $25.210 | long |
2021-04-14 14:15:05 | BBBY | sell | $25.220 | 0 |
My thinking was that my previous short position had just been hit so buying at consolidation and try long made sense with a 15c target back to $25.50. I realized now that was wishful thinking. Had I waited, I could have confirmed the stock's weakness on the tape and taken a short position. I did take the short later in trading day.
Thanks for the reply! Have a good day today!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Good risk management. What was your thinking of switching to long? That it would find support and bounce / move up?