2nd day play.
-Shorted 17 resistance area from the previous day. Did not have size but it was a VERY early cover (initially was only looking for small scalp). Missed a huge move.
What could I have done better? I should have let it give me a reason to cover (either 16.50 to hit 1:5 r/r target or support/reversal). Had I covered, I would have had some breathing room to reshort with size on the first retrace.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2011-10-19 09:40:58 | CROX | sell | $17.040 | short |
2011-10-19 09:42:25 | CROX | buy | $16.840 | 0 |
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