Took a risk on this off the open, volatile stock, I had no thesis on my 1st entry other than... this thing was "supposed" to crash long ago.
My 2nd entry I had an actual reason to go short, however... once again my biased that this was "supposed" to crash (obviously stocks aren't supposed to do anything), caused me to not take my profit the first time when we were well past my PT and also at the 50% FIB, I decided to get cute and thought it "should" keep going, and basically completely drained me being in this all day. If I would have taken my profits the first time, I could have played this twice and been in a much better mood. Exhausted still, this is bad trading.
Happy to say I held through the sketchy spike during lunch, stuck to my original stop so that part is good but this is not going to work out every time. Lucky day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-10-16 09:31:20 | HMNY | sell | $22.090 | short |
2017-10-16 09:34:08 | HMNY | buy | $23.000 | 0 |
2017-10-16 09:38:24 | HMNY | sell | $22.290 | short |
2017-10-16 15:42:57 | HMNY | buy | $20.780 | 0 |
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