Play: Parabolic
Stock ran on volume, right into resistance, was struggling, got short, great entry, let it squeeze which is fine. When it failed, thought i had it, but held, had one more squeeze in which i covered emotionally. In this situation, when it squeezes and doesn't hold, have to put stop above HOD and trade like a machine. It then proceeded to break down. Missed great opportunity, trade emotionally when goes against me.
Reasons to cover:emotion in fake squeeze
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-10 15:38:01 | TRP | sell | $36.190 | short |
2016-03-10 15:39:41 | TRP | buy | $36.290 | 0 |
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