Gap down short. Bad read. This thing had buyers and no heavy selling. Got too loose with the stop for my size and took a larger than 1R loss ($25 risk). Flipped long on the next trade to recoup this loss.
125 shares/ -$36
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-12 09:42:49 | EXPR | sell | $15.860 | short |
2014-03-12 09:49:41 | EXPR | buy | $16.150 | 0 |
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