Patiently waited for VALE to pop back up to risk off 11.78 (intraday high). It came back to 11.81 or so and failed; there was clearly a seller at 11.80. I shorted at 11.75 with risk at 11.82, added more with the same risk, and then added once more when 11.80 failed yet again. Didn't take partials on the first wash as I was looking for more, then added when it popped back up. Ultimately micromanaged this trade but average exit was 11.60 which wasn't enough R to be honest. Should have left SOME on with stop at breakeven, no reason to take it all off -
A) it prevents fomo
B) missed some of the move
C) never came back to my average/entry
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-28 09:40:39 | VALE | sell | $11.750 | short |
2019-01-28 09:42:30 | VALE | sell | $11.700 | short |
2019-01-28 09:50:05 | VALE | sell | $11.750 | short |
2019-01-28 09:54:30 | VALE | buy | $11.570 | short |
2019-01-28 09:55:43 | VALE | buy | $11.590 | short |
2019-01-28 09:59:16 | VALE | buy | $11.620 | 0 |
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