20070322 - INTU - 15mins - Loss

Symbol: INTU
Type: Short
Entry: The beginning of the 10th bar
Exit: Stopped out during the 11th bar
Result: Lost -1.19%

Looking back, it is rather obvious that it was a bad decision to go Short on the 10th bar. I had no clear signal from the chart that the momentum is heading for a rerversal. Just because the falling 5eMA was approaching, the prices could have easily break through the eMA. This is a very poor trade!