SQ was displaying relative weakness in the PM session, so when the market was getting weaker it made a great short candidate. I started in with small size at 46.83 and added to the breakdown once I was convinced the stock was headed lower. Didn't take partials at the very lows but ended up taking it all off when it made a double botton...it quickly squeezed afterwards. Next time take partials at the lows. I'm not using SIZE right now but these mechanics will pay off once I am. Do NOT focus on making money right now, focus on the PROCESS and taking the best trades you can.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-03-28 15:02:44 | SQ | sell | $46.830 | short |
2018-03-28 15:08:01 | SQ | sell | $46.730 | short |
2018-03-28 15:14:32 | SQ | buy | $46.650 | 0 |
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