Shared by:
ToqueX
Grade=D
The setup: short the bounce
The result: I was too early and too low with my entry. This caused me to have to wait it out, keep the stop high, and unfortunately use up my patience to where slightly green was good enough and I sold out just before the big drop.
The lesson: Always be mindful of key levels and how a stock moves. I could have regognized that some consolidation at 48.80 was a strong possibility before any larger drop.
Execution detail:
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