I thought my 9ema was my 20dma. So when it but through, plus the candle action was not a controlled pullback, I figured this thing was tanking. It bounced off the VWAP and retested. The rest failed and then it started going back down. I should have waited for the pullback to the 9ema to see if it would have held as resistance. Doing so, I would have seen the rest and watch it fail and then gotten in short. Needless to say, my bad entry and my bad patience.. Cost me money. Had I held it would have eventually gone down.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-03-27 11:06:25 | CTRP | sell | $22.200 | short |
2013-03-27 11:06:25 | CTRP | sell | $22.200 | short |
2013-03-27 11:06:25 | CTRP | sell | $22.200 | short |
2013-03-27 11:06:25 | CTRP | sell | $22.200 | short |
2013-03-27 11:16:13 | CTRP | buy | $22.280 | 0 |
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