Good setup, with ideal stats. I am trying to look at shorts also through the eyes of the generic wedge strategy taught to longs everywhere as well for entries. Overall this worked and I had risk defined but I am terrible with holding onto winners. I think that with shorts, it becomes very necessary to hold onto winners because of fees.
Ideas: use 3M chart for switch of momentum? Use a range with defined 3:1 risk reward?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-09-30 09:45:13 | SDPI | sell | $1.270 | short |
2021-09-30 10:30:29 | SDPI | buy | $1.150 | 0 |
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