Shared by:
andrewb_bows
Was trying to short the bounce on GPRO after it tanked earlier. It has been pretty stuck on the daily not confirming either direction. I thought the hard wash may set up for further downside, so I positioned myself to short on anticipation of $84 resistance. I dont like the trade, I didnt have enough points in my favor and covered after it failed to wash quickly. I didnt want to get stuck shorting something that has strength as that doesnt match why I shorted.
Execution detail:
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