Gap down yesterday building a nice base closing near lows. Below 31.61 off the open sends this one. Stock opened right on lows as son as it broke that 31.60 level i enetered. Chased a couple pennies but thats ok on a 30 dollar stock. Ended up covering at 31.38. This was a bad trade in my opinion this is my bread and butter short setup off the open. I should have covered half at .38 and let the rest ride down to my target of 31 flat. Bad trade management...mentally this week i have not traded appropriately after a bad week last week. Left far too much on the table....48 cents or so. Think i was sized in correctly should have been a $200 trade instead of $88. Give myself a B- for this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-08 09:37:03 | CTL | sell | $31.580 | short |
2013-11-08 09:46:02 | CTL | buy | $31.360 | 0 |
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