Again, SHPG was a very weak stock on the daily chart. I studied the movement of the stock previously and found that every "major pop" gets sold off. The game plan was to short pops intraday, but I shorted into weakness and again it was a bad move.
When I sold, I should have shorted more. So now, I have learned not to do that. I have learned to add to shorts on pops. I am currently bad at it, but I am learning.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-12 10:06:00 | SHPG | sell | $164.000 | short |
2017-06-12 11:18:00 | SHPG | buy | $164.610 | short |
2017-06-12 11:19:00 | SHPG | buy | $164.640 | 0 |
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