Came back to 9ema
Short 1k @ 28.99 Stop just above 9ema @ 29.20 (and declining). Max lost $210.
Man I hate my life, Cover it all @ 28.77, I'm done for the day, no reason to cover, it was just getting started by the looks of it.
Aftermath: Just as I suspected down to 28.34ish. Could've made 75% more on this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-23 11:09:59 | TSRO | sell | $28.990 | short |
2013-12-23 11:40:26 | TSRO | buy | $28.770 | 0 |
@Mick, no. It didn't matter what size I entered. I knew I wasn't going to be back until AFTER the end of day...I was not be able to bring my tablet to trade either.
If I knew I was going to be able to be back just BEFORE the end of day, then I would've maybe reduce the size to 1/4, put a hard stop in. If it didn't hit my stop, I would've covered then.
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Do you think your position sizing is influencing your decision to cover? By that I mean if you had fewer shares maybe you would be more likely to let the trade play out.