Shared by
RPB3
Terrible entry on the first short. The stock is clearing bull flagging. No reason to enter there.
The second one, I was playing a parabolic short which is stupid.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-07-28 11:14:28 | EXAS | sell | $16.900 | short |
| 2016-07-28 11:17:08 | EXAS | buy | $17.040 | 0 |
| 2016-07-28 11:38:30 | EXAS | sell | $17.350 | short |
| 2016-07-28 11:42:02 | EXAS | buy | $17.450 | 0 |
Comments
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EXAS was a pain in the ass last week. I was caught on these papercut shorts as well - poor judgment here by both of us. Stubborn & biased. I discussed this a few times on the livestream, sometimes we just need to accept the fact a name is crowded, and it's not going to fade. Your first short entry there, the stock was clearly still holding the rip with no breakdown yet, so that was just a biased FOMO entry.
Second trade better idea, 17.50 was a big resistance area on the daily. What was the plan there? Not sure why you stopped out so quickly at 17.45 when 17.50 was a level. .50s o/u guide would have been my plan there.