Shared by
miesinberlin
Trade: Shorted well based on what I was seeing on the tape then did a couple of dumb things:
Error 1: Did not read the tape correctly and decided to short on consolidation, then again, there is nothing wrong with shorting on consolidation on a sideways moving stock, but...
Error 2: Forgot to set risk above consolidation for a couple of cents and took a 10c rip.
Error 3: should have covered the 8cent down move at $14.62 after witnessing held bid on the tape. I have to let learn to let go of my biases, I'm here to perform based on what I see the market doing, not trying to be preemptive.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-16 15:09:50 | RFP | sell | $14.660 | short |
| 2021-04-16 15:13:45 | RFP | buy | $14.600 | short |
| 2021-04-16 15:14:35 | RFP | buy | $14.600 | short |
| 2021-04-16 15:15:38 | RFP | sell | $14.600 | short |
| 2021-04-16 15:17:48 | RFP | sell | $14.700 | short |
| 2021-04-16 15:25:46 | RFP | buy | $14.710 | 0 |
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