So I was watching YHOO today on my lunch break, and it seemed to be in a definite downtrend. At 12:38 I took a short position @ $27.21. It looked like it was about to hit the top of the trendline I had drawn and I expected it to go back down to one of the lower trendlines. Those are 2 min candlesticks. I got in at 12:38 (first red one in that time period) (ignore the indicators. I wasn't using them) http://img.photobucket.com/albums/v326/ironfistx/shortloss1.jpg But I was wrong. My lunch break was ending and I covered my position at $27.28 Of course, had I held my position, I would have made money: http://img.photobucket.com/albums/v326/ironfistx/shortloss2.jpg But I had to go cuz my lunch break was ending. So what did I do wrong? Were there any signs (volume?) that the downtrend wasn't going to continue as I expected?