Shared by
ramentrades
I scaled in and out too much. It was a winning trade at first when I anticipated a washout. They scaling in/out messed up my average price.
Lesson learnt here was to have a starter position and add more when trade starts working. Be patient and let the whole trade pan out, instead of scaling in and out when I don't need to.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-01-20 10:40:40 | SGYP | sell | $5.951 | short |
| 2017-01-20 10:43:18 | SGYP | buy | $5.920 | short |
| 2017-01-20 10:45:10 | SGYP | sell | $5.861 | short |
| 2017-01-20 10:49:52 | SGYP | buy | $5.880 | short |
| 2017-01-20 10:50:56 | SGYP | buy | $5.900 | 0 |
| 2017-01-20 10:54:06 | SGYP | sell | $5.860 | short |
| 2017-01-20 10:56:42 | SGYP | sell | $5.830 | short |
| 2017-01-20 11:03:40 | SGYP | buy | $5.900 | short |
| 2017-01-20 11:05:59 | SGYP | buy | $5.950 | 0 |
| 2017-01-20 11:09:49 | SGYP | sell | $5.850 | short |
| 2017-01-20 11:20:55 | SGYP | sell | $5.800 | short |
| 2017-01-20 11:30:17 | SGYP | buy | $5.790 | 0 |
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