Daily parabolic. Looked to swing this short but mismanaged and broke rules.
Ideally should have had -$.25 stop as would have been higher low thus negating the pattern that got me short. Then look to reshort on the next setup. Instead i reverted back to old behavior and added to the loser, thus again reinforcing no matter what i think or how i feel, to take the loss and reassess.
UPDATE: Still like the short under 13 however did not trade it well. Should have taken -.25 loss and reshorted when wouldn't break above 13.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-02 10:04:33 | UVE | sell | $12.020 | short |
2013-12-02 11:29:54 | UVE | sell | $12.600 | short |
2013-12-02 15:40:29 | UVE | sell | $13.040 | short |
2013-12-04 11:51:43 | UVE | buy | $12.360 | 0 |
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