Shared by:
youngcb1_BOWS
In the daily $GPRO was slightly consolidating after a down trend. That should've been a key signal not to go against the trend. In the intraday I played this stock the opposite way and was expecting it to thrust higher after a small consolidation at the $75.70 level. I entered at the peak of the next move up which was actually the resistance area. The stock started to consolidate downwards and I added salt to injury by not exiting. Once the stock pulled back after my entry and didn't spike back up, that should've been my sign to exit and move on to the next trade. I exited my position and the stock started to gradually move downwards.
I attempted to reverse my position after I saw a bear flag develop and break downwards. However, the stock had no shares left to borrow.
Execution detail:
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