Another Swing short idea. I was scared to short it because of its methodical movement. I wanted to cover for a loss when it broke out of the 2.50 area. I wanted for the volume to settle down before I covered. That is exactly where I should have been adding to my short.
I didn't have risk on this trade. I would keep adding to the moon, and I would cover on dips. It was a terrible gameplan, and I need to plan out my trades before adding.
-Recycle shares
-Add on high volume bars, and cover on washes. It's tough to do, but reading tape is what makes you a better trader
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-02-01 11:15:00 | GNMX | sell | $2.160 | short |
2018-02-05 11:22:00 | GNMX | buy | $2.100 | 0 |
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