So close yet so far. GLUU failed to breakout above $3 so I got short on a pop with risk at high of day. I had pretty high conviction that GLUU would eventually pullback to the 2.85 level as this was previous resistance on the daily chart, and I was focusing on having a solid R:R. Honestly though, I have no business playing this stock - while the R:R was good, in order for this to be worth it meant I had to take a pretty big position size. I was stopped out for a 4 cent loss which is nbd; unfortunate because this would have eventually worked if I had the wiggle room that playing larger stocks with less size provides (say 10-20 cents on AMD)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-08-02 10:09:00 | GLUU | sell | $2.940 | short |
2017-08-02 10:12:18 | GLUU | buy | $2.980 | 0 |
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