1st 2 trades were adding into a short position (45 total). I ended up covering soon after because I just wasn't sure if it'll keep going up and settle at a higher price point, putting me in the negative. I covered, soon after I stopped looking at SNAP, when I looked back it was dropping (idk why) but it was a violent drop, I knew I could catch some of that. I shorted 300 shares I believe and covered completely by 63.69. I thought it was going to stop soon so I pulled out early to be conservative.
I should have kept at least those 100 shares out of the 300, or maybe even 50. I ignored ATR, as well as I didn't bother to check to see if the bottom was done bottoming. By waiting a meer 2-3 minutes, I would have been able to lock in another $150 more or so.
i need to work on sticking with my conviction plays as well as consistently look at what my indicators are saying before I jump in or freak out and sell/cover.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-06-11 09:49:03 | SNAP | sell | $64.020 | short |
2021-06-11 10:07:24 | SNAP | sell | $64.515 | short |
2021-06-11 10:23:36 | SNAP | buy | $64.810 | 0 |
2021-06-11 10:45:17 | SNAP | sell | $64.105 | short |
2021-06-11 10:47:10 | SNAP | buy | $63.800 | short |
2021-06-11 10:47:53 | SNAP | buy | $63.690 | short |
2021-06-11 10:47:53 | SNAP | buy | $63.690 | 0 |
2021-06-11 10:48:07 | SNAP | sell | $63.590 | short |
2021-06-11 10:48:45 | SNAP | buy | $63.506 | short |
2021-06-11 10:48:45 | SNAP | buy | $63.506 | 0 |
2021-06-11 10:49:49 | SNAP | sell | $63.360 | short |
2021-06-11 10:50:01 | SNAP | buy | $63.347 | 0 |
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