Shared by
rogomon
As this was lifting far off of the 9 EMA on the 5 min chart and it peaked over the whole number, I took a short position .20 cents above.
I should have noticed the pre $22 consolidation and strength as it broke out above. There was no lower high and I was probably a bit too aggressive. It consolidated, went higher and I covered my position.
I should have probably better anticipated this possibility, started in smaller and be prepared for the potential $22.50 break.
In any case, I was wrong in this trade and didn't manage risk well.
Trading tiny this month to regain/improve consistency.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-26 10:35:56 | TEX | sell | $22.170 | short |
| 2016-02-26 10:35:56 | TEX | sell | $22.170 | short |
| 2016-02-26 11:08:27 | TEX | buy | $22.480 | 0 |
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