The stock popped with momentum and ran into the 58 dollar resistance it was tapping earlier. I should have know that since it was tapping this area so many times that it would most likely break through. It was dumb to short it here and was not even a setup. I was just upset and flustered from losing earlier with my interactive broker issues and wanted to make that money back. All it did was cause me to lose more money.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-30 11:35:16 | CAB | sell | $57.964 | short |
2016-12-30 11:39:24 | CAB | buy | $58.105 | 0 |
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