Now looking back at this trade I should've waited for the 9 EMA today before entering the short. Regrettably I hesitated on shorting this at the $52 whole number.
Because my entry wasn't perfect I got scared out once it reclaimed the 9 EMA and only made small profits.
I kept trying to remind myself to remember the big picture. The stock is up to $52, up from $40 only a week ago. It had yet to make any pullbacks. Now that this is the first red day, it's likely that tomorrow will continue the move.
For tomorrow, I hope for a gap up move and fade.
Trading tiny this month to regain/improve consistency.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-08 09:57:34 | KORS | sell | $51.200 | short |
2016-02-08 10:28:42 | KORS | buy | $51.100 | short |
2016-02-08 10:28:42 | KORS | buy | $51.100 | 0 |
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