Oh the heartbreak!
Shorted on the flat top break down below 430 after 5 taps at it. Stopped out on that hot spike. Was a trend today. Lots of hot spike shakeouts. Missed the huge rip (gone to work).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-12 12:01:36 | NFLX | sell | $429.640 | short |
2014-02-12 12:32:57 | NFLX | buy | $431.020 | 0 |
Always with the FOMO, you know? You're right though, I should've been more weary of that.
I have the same issue EL but i just keep telling myself that being patient will be more rewarding and have less losing trades. There will always be more opportunities every day. I try to look at the bigger picture. Just a suggestion on how I deal with my FOMO.
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Notice how extended it was when you took the short on the 3rd tap. Seven down candles in a row. Once it reset and consolidate you got the flush.