Entered this short when the price dropped steeply off of the high. It failed to drop any further. Ill advised timing.
Very solid little first red day. Market was looking very slow today, but this was up enough to qualify for a C grade FRD. Got a starter into r/g break and added to full size when price began accepting. It came back to test r/g and I added/lowered risk to HOD when it looked weak. I covered a bit too quick, but I was a touch oversized and made more than intended. I'll take it. Could've made much more in just a few more seconds, but I take singles except on the very best setups. which this is not.
Got a starter on this one paid for it. I anticipated the pattern and got suckered into a dip, Cut at the highs
schwab trades since may 11
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