Today I took a short position in XIDE due to its loss of the Walmart contract and the chart showing downward movement. Shorted at 5.90 but did not cover at 5.55 which was my target. The stock has since rallied back and I ended the day negative. I should have set a stop loss and also set up my initial exit as soon as my entry was filled.
Lesson: Enter a sell order as soon you enter a position.
Follow up: Placed a cover order at 5.55 which triggered today. Not repeating this mistake again.
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