257.44M float/6.00% short float/56.10% institutional
Same store sales down 12% YoY, Q1 sales down 3%. Tripple tap support at 39$, currently trading at 38.65$. Resistance at 39.30$ & 39.40$, support at 38$. Low average daily range, but can move a couple of points when news is out. Good candidate to short together with the overall market.
Stop: 38.50$
R: -1
Fomo, sizing mistake, unable to trade at the best prices.
The trade idea was alright and it was a short, but I should have been shorting it against the morning breakdown spot. I recognize a pattern in my pullback trades. I always go in too early and load up to soon. Thus I'm getting squeezed all the time and have to bail out at the inflection point.
Execution detail:
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