Started shorting BP at .90, at the open, for what I thought was an ORB, this was going to be a 1-trade-day so I filled in 600sh. I identified supports at around .40 and the pivot. However it dropped only to as low as .54 and reversed from there. I trailed my stop at .90 and eventually reversed from there at .96 when I saw the strong 5min candle.
This proved to be another correct trade however I didn’t take my shares at around the top .44, the high of the previous day. Went back down to my price and I cut at .87 where my LFT limit was already hit.
In effect I made flat on it for the day.
I lost everything on DOW, chopping me around that what I thought was a breakout area at around .30