Tried a fast scalp eod, seen on tape after I entered that I was probably wrong & could have hit out flat or for few penny loss. Hesitated & ended up having to cover around the whole #. Was small, but definitely was no need to take this boredom/frustrated eod trade because I missed the original fade earlier.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-13 15:43:31 | TWTR | sell | $58.590 | short |
2013-12-13 15:43:31 | TWTR | sell | $58.590 | short |
2013-12-13 15:48:15 | TWTR | buy | $58.900 | short |
2013-12-13 15:58:46 | TWTR | buy | $59.210 | 0 |
Looks a bit extended on the daily and I don't see a 5 min chart....? Also, did you have a stop loss set? That would have kept you lose minimal and gotten you out before things got nasty
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No setup to short there. Where is your 5 min chart? If you were going for a snapback play as it looks a bit extended on the daily making a 30% run up. But you gotta check the bolly bands to see if there is a strong pierce and also stochastics to make sure its overbought. Then intraday look for signs of weakness + setup then short it