Shouldn't have taken this trade. I shorted at a higher low. Took off at B/E.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-20 10:24:26 | WLT | sell | $7.830 | short |
2014-03-20 10:55:27 | WLT | buy | $7.790 | short |
2014-03-20 10:58:40 | WLT | buy | $7.850 | 0 |
My entry wasn't a high probability one though, that's where i have the issue. Other then that i totally agree with you.
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I don't think it is a bad play if you had your stop at the right place. I am seeing a lot of these just making lower highs all day and not necessarily flushing but just grind lower and lower so I just wait as long as my stop doesn't get hit.