Missed a downtrend move due to a techinical glitch. Tried pressing the short button but didn't take effect and by the time I decide what to do, the price already moved so I refrained from jumping on a moving train.
I found a support level at 413 but waited for the price to form a double bottom and then entered on a breakout for a quick move but got out little early as this was a pullback to a trending move and might not sustain longer. Overall got out with a small profit.
Then trade in itself was ok, but my mistake was by not recognizing that the stock didn't behave the way I expected it to. I thought it was going to go to retest VWAP and then get rejected, but instead it broke through held and went further up. As the stock then went up, I thougtht about adding to the short, but after it broke through VWAP I should have cut the trade, since the stock showed that it is unexpectedly strong, also, the next resistance level was to far away for a add, and the add I did was to far away from the resistance level -> I should have cut the trade after the stock showed it isn't as bearish anymore. Another thing is that I should have waited for a bigger move, remember the three things that are needed for a trade 1. Volume 2. A big move 3. A clear direction, while Volume was ok (not the best but still above 200k), and A clear direction was also given since it was a all day fader, the trade was maybe a B or C grade setup, but I should (especially at the end of the day) have waited for a big move to initiate a trade, instead I wanted to participate in the fade, but since the day was almost over I should not have looked for a enter in the fade, but for trades with Volume and moves
I thought Price was going to break over 38.2 fib level as it was flirting over it. I was wrong it came down some more. triggered SL on all 3 cons.
This was not an A+ setup. I had Mark douglas in my head saying take the trade no one know where the market is going all you can do is take the trade. That advice works best when on an A+ setup not so good on random trades.