This trade was a mistake. I hit the delete key twice to cancel my orders but yeah... I got taken anyway. When i realized that it was a bad trade it was to late. RIP.
I analyzed the chart and the important levels, put it into my game plan and watched trade for 20 min so i could understand the spread and what was going on with it. I knew the news on it and why it was getting hit, even if it had better then expected EPS and Revenue numbers.
I watched the tape before the market opened for around 20/30min.
I was cancelling my orders because i so it was incrementing quickly and the volume was also piking up fast. It was making this pattern in both direction when it started to move. So that's why i was cancelling my orders.
I was patient to take a trade, but unfortunately i got caught into this trade because i didn't cancel it quickly enough.
My initial plan was to get short close to 34.10$, cover if it got over 34.15$ and exit at 33.70c area. I wasn't quick enough to cover either.... RIP.
Well i was disciplined enough i think but not quick enough.
NON
This trade was again a mistake, I didn't intended to do it, but i didn't have the right focus and speed to not let this happen. My plan worked out eventually, after it got to another area (34.50/55) in witch i was looking to short it. Unfortunately again (because i'm stupid) i mist it. I preferred to let it go instead of chasing it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-03-01 09:47:17 | NTNX | sell | $34.070 | short |
2019-03-01 09:47:17 | NTNX | sell | $34.080 | short |
2019-03-01 09:48:10 | NTNX | buy | $34.140 | short |
2019-03-01 09:48:10 | NTNX | buy | $34.140 | 0 |
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