So, I dumped it at what appears to be a bottom, $40.37 in the 10:00am candle. This gets me out of my short with a $19 gain... basically breaking even on the trade. If I were a 'hotshot' trader, I would have reversed and gone long there instead of exiting and pausing to regroup. I still have the sense that the market will retest that lower $39.75 area but I have to review why my initial idea was wrong, so exit is the prudent plan of action rather than holding for that lower target level.
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As I write this, reversing and going long would have given me a nice gain this morning. No worries, I have a long view on trading... I have the rest of my life to get better. I only need to be profitable now, excellence will arrive later.
