Shared by
rogomon
I wanted the breakdown after the lower high. I covered partial on the first dip and then it began to consolidate. I didn't like the action so I covered the rest for a small profit.
My entry was fair given the lower high but I should have focused on an add at $8.50 and as long as it doesn't reclaim and base at $8.50, I could continue with the trade. Hindsight analysis.
In any case, the price action wasn't perfect today not breaking below $8.
Trading tiny this month to regain/improve consistency.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-24 09:38:18 | ETSY | sell | $8.400 | short |
| 2016-02-24 09:38:19 | ETSY | sell | $8.400 | short |
| 2016-02-24 09:39:49 | ETSY | buy | $8.300 | short |
| 2016-02-24 09:42:52 | ETSY | buy | $8.390 | short |
| 2016-02-24 09:43:04 | ETSY | buy | $8.410 | 0 |
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