Idea was to get short on the lower high pops back towards 22.70. Entered here as it looked like that's all it had. Covered fast when didn't drop. The mistake I made here was not to cover at 22.60 to protect myself when it held based off tape, the mistake was when it hit 22.70 & I hesitated to get back in or even to get back in at 22.60. I like to keep tight on trades & just keep re trying if needed at key levels based off tape. failed to do so here though. The lack of resilience & not re entering cost me a solid scalp trade back towards g/r at 22.50. Although it held up, if this really would have tanked it would have been a horrible missed entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-12 11:37:14 | MU | sell | $22.620 | short |
2013-12-12 11:37:15 | MU | sell | $22.620 | short |
2013-12-12 11:38:46 | MU | buy | $22.600 | short |
2013-12-12 11:38:46 | MU | buy | $22.600 | 0 |
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