Shared by
spyrosz
And then proceeded giving the whole profit back, closing red on the name because:
"Can't go back to $420...".
- For starters, I had no reason to re-enter short as my thesis was not legit anymore. If this thing wanted to go back to LOD, it should have never crossed VWAP, let alone $418.85 making a higher high. IT WASN'T PLAYING AS EXPECTED.
- Lost composure as I kept thinking "Can't go back to $420...". No setup, no level to base risk off.
- Stupid actions deserve and always yield stupid results/losses.
This thing is going to the wall as a reminder that everything is possible, and the moment "Can't do this or that.." crosses my mind best thing is to run...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-29 14:13:33 | SPY | sell | $419.050 | short |
| 2021-04-29 14:15:50 | SPY | sell | $418.990 | short |
| 2021-04-29 14:21:46 | SPY | buy | $419.360 | 0 |
| 2021-04-29 14:23:28 | SPY | sell | $419.285 | short |
| 2021-04-29 14:23:28 | SPY | sell | $419.285 | short |
| 2021-04-29 14:32:05 | SPY | buy | $419.420 | short |
| 2021-04-29 14:32:05 | SPY | buy | $419.420 | 0 |
| 2021-04-29 14:42:52 | SPY | sell | $419.925 | short |
| 2021-04-29 14:42:52 | SPY | sell | $419.930 | short |
| 2021-04-29 14:45:14 | SPY | buy | $420.328 | short |
| 2021-04-29 14:45:14 | SPY | buy | $420.329 | 0 |
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