This loss was due to mental error. I should have been thinking of adding to the position and using the 3.70s as a risk level. As long as the 3.60s held as resistance there was no reason to cover. But since I chased entry and was uncomfortable adding to a loser I needlessly stopped out when I should have been adding. Lesson Learned.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-10-12 10:10:00 | NSPR | sell | $3.300 | short |
2016-10-12 10:32:00 | NSPR | buy | $3.620 | 0 |
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