This was unnecessary. My Entry was good, but I gave it way too much room. It was intended as a breakout play. A retest of VWAP and break up to highs.
BUT, there was no immediate follow through. I really just sat there and watched it NOT move. No movement at all. Then it continued lower and I eventually took the trade off. Volume was very light and I should not have traded it at all. Spreads wide.
I was somehow not willng to take a loss when I could. When the loss still was tiny. It showed early the trade would not work, but I hesitated.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-08 09:42:00 | FB | buy | $165.132 | long |
2019-02-08 09:43:00 | FB | sell | $164.860 | long |
2019-02-08 09:44:00 | FB | sell | $164.880 | 0 |
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