"This was a most dissapointing trade because I messed up here.
As they don't have shorts for UVXY, I decided to short TZA as it was also really nice chart. I wanted to short at 18.80 but by the time I was ready to pull the trigger it pulled back and I shored it there. This is not the best place to short it and I know it, I should wait for at least some run up after pull back but I was unpatience.
Market run and I wanted to cover at 18.50 but my husband started to talk to me and I missed it so I cover when it run up all the way back up to my buy price.
One minute later it pull back till the end of the day and close at 17.50. OUCH!!!
I was upset with myself messing up here so I went away from computer instead of finding a new good entry to short this stock.
Set Up: yes
Stop: 18.80
Clean chart: yes"
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-15 01:05:08 | TZA | sell | $18.710 | short |
2014-04-15 01:26:38 | TZA | buy | $18.730 | 0 |
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