I had no business using as much size as I did on this trade. This was a bad trade from the start. I had originally wanted to short what I thought was a supply zone between 255.41-256.60. Unfortunately, I was wrong and started in about $4 too early and was beyond full size about $3 too early. This is why it's important to have a plan, size in according to the plan, and follow the plan. Not all trades are going to work and it's always that one time that I decide to go for the big win that I end up getting screwed hard.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-12 10:10:48 | LNKD | sell | $254.970 | short |
2015-11-12 10:13:03 | LNKD | sell | $255.500 | short |
2015-11-12 10:19:11 | LNKD | sell | $255.900 | short |
2015-11-12 10:21:40 | LNKD | sell | $256.500 | short |
2015-11-12 10:35:44 | LNKD | sell | $256.370 | short |
2015-11-12 10:36:30 | LNKD | buy | $257.000 | short |
2015-11-12 10:36:32 | LNKD | buy | $257.340 | short |
2015-11-12 10:36:32 | LNKD | buy | $257.270 | 0 |
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