Shared by:
ToqueX
Grade=D
The setup: short the bounce
The result: I waited for a little confirmation and did get the move. It was mismanaged after that. I added to my position at 106.01, which is something I wanted to do just for the practice, but this was not a spot to add without some confirmation that the level had broken. I was reading too much into the SPY, which had poked down below its level at this point. Ended up with a small loss on this one, but it would have easily been a gain with better trade management here.
Execution detail:
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