I was mad about the UNT trade, so I took this terrible trade when I should have not. When I got into the trade, I made the excuse when I got in the trade, and said I would wait for the $14 breakdown. It never came, if anything I should have added on that pop.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-09 15:27:00 | CALA | sell | $14.250 | short |
2017-06-09 15:45:00 | CALA | sell | $14.050 | short |
2017-06-09 15:57:00 | CALA | buy | $14.150 | 0 |
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Don't get emotional about this trade. Your assessment was correct but your timing was off. You went short in an area where sellers out number the buyers and you were following the trend of this market. You got in at the bend in the trend. A better entry in this market would have been when price broke support at $15 on the daily time frame. Work on your timing. I hope this help you out.