There was strong resistance at the $77.6 level on the daily. I was looking for an opportunity to short. I took the short after it traded above resistance and failed with lower highs and lower lows.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-08 10:56:42 | KORS | sell | $77.310 | short |
2014-12-08 11:45:07 | KORS | sell | $77.182 | short |
2014-12-08 11:51:22 | KORS | buy | $77.100 | short |
2014-12-08 12:13:11 | KORS | buy | $76.760 | short |
2014-12-08 12:19:44 | KORS | buy | $76.625 | short |
2014-12-08 12:23:21 | KORS | buy | $76.637 | 0 |
Mostly because I'm an idiot but also because I was looking at the 30 minute chart 20 day ema and thought there might be some support.
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Niiccee! Why the first cover so early?