Too early an entry on this. Second entry wasnt a short, it was a long-wrong bias here.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-19 09:31:12 | GNCA | sell | $4.800 | short |
2015-10-19 09:31:58 | GNCA | buy | $5.030 | 0 |
2015-10-19 09:43:24 | GNCA | sell | $4.910 | short |
2015-10-19 09:44:23 | GNCA | buy | $5.090 | 0 |
second entry looked good to me...nice looking chart on daily...
tough loss.....
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The first entry may be too early due to the opening bell volatility. If you do enter after the gun-shot, you may require a more liberal stop paired with smaller size.
Second entry is a hot setup, despite stopping out. Sometimes, there is nothing you can do - they play just does not manifest. You win some, you lose some. I consider this a "justified" loss. You took the shot and let chips fall. Do not let these diminish your confidence. This just happened to be the first time this setup did not work out of the 5+ times you tried. Gotta pay the Grim Reaper, sometimes.