This was just a bad trade. It was about 50 cents away from the 5 min 20sma and I knew it had to retest it before it could break through $49.50 and I sat there for 25 minutes and told myself DO NOT ENTER THIS ABOVE $49.45. Then it bounced, I waited because I wanted a better bounce, but it started to drop quickly so I thought that was my last chance and entered like a fool at $49.56. Of course it did exactly what I expected it to do which was bounce at $49.50 and stop me out for a $28 loss. I knew it was going to do that, just let my emotion take over and did something stupid!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-01-16 13:03:39 | CAB | sell | $49.560 | short |
2013-01-16 13:34:14 | CAB | buy | $49.840 | 0 |
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