TRADE: After shorting, changed bias to Long. 100 shares at 9c risk. Tape showed weakness and took out risk. Decided to just monitor.
Execution detail:
My thinking was that my previous short position had just been hit so buying at consolidation and try long made sense with a 15c target back to $25.50. I realized now that was wishful thinking. Had I waited, I could have confirmed the stock's weakness on the tape and taken a short position. I did take the short later in trading day.
Thanks for the reply! Have a good day today!
You as well. Peace!
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Good risk management. What was your thinking of switching to long? That it would find support and bounce / move up?