Missed original idea to short all-day-runner and break of pivot level with proper indicators triggered. The mistake was not believing that the charts could flush so far. Second time this week I did that.
So then I saw the first bear flag but was scared to give back day's gains (which met my daily satisfaction level). I waited for a level to short, which was the break/retest of second pivot level break with other peers showing weakness. It never flushed as before so I just got out at mere break even.
Good idea to bail in hindsight but the real skills would have been in being bold enough to short the first idea, not the third. I knew there was risk of no meat left so I bailed. The 3 cent move is exactly what that mentality deserves.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-08 14:41:41 | BZH | sell | $15.300 | short |
2016-12-08 15:10:29 | BZH | buy | $15.270 | 0 |
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