I shorted it because I saw a continuation of a yesyerday's trend, and at the beginning I was right. It went red, I moved my stop to entry, but I did not took any profit.
So, I should not move my stop or I should keep watching for it and enter after 1-2-3 move on the second green-to-red move.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-13 09:57:22 | ESPR | sell | $24.460 | short |
2015-10-13 10:46:23 | ESPR | buy | $24.380 | 0 |
I entered after the pullback to the $25 and I thought, as I mentioned before, it was going to continue its yesterday trend. And after it went red, I moved my stop to entry, but I should not do it, I guess. I needed to wait being stop out over $25 or ride it all day long.
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ESPR is my bitch, but I have learned how to ride it the hard way.
What exactly was your entry? I cant see anything clean from when you entered. You have to go low risk with this-look for something like the formation at 12:05 or 11am today.It will test and retest and then break.