Good idea, but once again my impatience got the worst out of me. FB made a jump over the weekend and traded higher into its 200 SMA at the 166 level. For some reason, instead of going for the short side I used the resistance there for a breakout.
There was no follow through and I took off half on the crack as I saw the indecision in the trade, but took of rest on the reclaim and stalling prices. Eventually I was right for a small scalp higher, but lacked patience and did not trust the setup.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-03-04 09:44:00 | FB | buy | $166.020 | long |
2019-03-04 09:44:00 | FB | sell | $165.980 | long |
2019-03-04 09:44:00 | FB | sell | $166.030 | 0 |
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