Attempted intraday short breakdown. BBY had been testing the $11.91 area all day. It probably would have been best to wait for confirmation at $11.90 or $11.89 but at that point the r/r wouldn't have been great. I should have taken that as an indication that it was a bad trade, but took it in anticipation to lower the risk which also lowered probability. Covered for a $25 loss after it failed to break down.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-11-20 14:09:52 | BBY | sell | $11.935 | short |
2012-11-20 14:10:18 | BBY | sell | $11.940 | short |
2012-11-20 15:55:09 | BBY | buy | $11.980 | short |
2012-11-20 15:55:09 | BBY | buy | $11.980 | short |
2012-11-20 15:55:09 | BBY | buy | $11.980 | 0 |
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