Shared by
rogomon
ZIOP was overextended on the daily and I wanted the pullback to continue but instead it held up.
I was a bit aggressive to short it at 9:40am. I should have let a trend form and reveal itself before taking a position.
The second trade was a chase and a complete mistake. FOMO got me with the hope of a breakdown.
After this green day, it continued down with 3 more red days and touched $8.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-03-07 09:40:11 | ZIOP | sell | $9.050 | short |
| 2016-03-07 09:40:30 | ZIOP | sell | $9.050 | short |
| 2016-03-07 09:42:59 | ZIOP | buy | $9.190 | short |
| 2016-03-07 09:42:59 | ZIOP | buy | $9.190 | 0 |
| 2016-03-07 10:24:35 | ZIOP | sell | $9.110 | short |
| 2016-03-07 10:24:35 | ZIOP | sell | $9.110 | short |
| 2016-03-07 11:37:38 | ZIOP | buy | $9.190 | 0 |
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