Obviously did not have enough of FB already.
My Entry was too early. FB traded slowly, but higher. When it looked like it would not retest .50 I took a starter short at the .30 area where it ranged around.
It eventually tested .50 which was the right place for it. Eventually took off half on a fake out higher at my break-even tolighten up. Just in case it would make another run higher.
My target of 136 was hit and tested. To my surprise, again, I did not stick to my stop and let it grind higher.
Next pivot 137.50.
I added too soon! Again I did not wait for my pivot and resistance to test.
FB and the market traded too slowly and that tricked me.
137.50 eventually tested and was respected. No adds there. Not even on Backside retest as idid not trust it.
FINALLY FB dropped like a stone. Took off the trade break-even. Small net loss. FU FB!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-02 12:47:00 | FB | sell | $136.320 | short |
2019-01-02 13:10:00 | FB | buy | $136.270 | short |
2019-01-02 13:46:00 | FB | sell | $137.190 | short |
2019-01-02 14:10:00 | FB | buy | $136.710 | short |
2019-01-02 14:15:00 | FB | buy | $136.730 | 0 |
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