My trade idea was for a continued breakdown. I was dead wrong and I paid for it with my bad entry and poor risk management.
I should have had my stop on 58.60 and not let it run past $59 before covering my position.
Tighter stop. I can always re-enter later on pops - and NOT chase down.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-09 14:14:40 | NUGT | sell | $58.450 | short |
2016-03-09 14:23:55 | NUGT | buy | $59.080 | 0 |
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