Was long biased, and expecting a reversal after several days of hard selling, but totally missed the 5min cup down into the 5min 20ma, and ended up chasing on my first entry. Since I knew I chased, I was too quick to take profits, and so I re-entered the trade a second time, but scalped it yet a again. In the end, I basically got like $0.50 of a $2.25 move, even from my original chase entry. Not good trading; I have to do better.
Also, I should have sized in a bit more on this one, since it was a nice cup into the 5min 20ma, and the buying was solid.
Execution detail:
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