thought this was going to be a flag before flush, but it turned around and BO. Added shares when i shouldnt have, held to long and took a huge loss. Bad management
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-16 15:23:00 | YHOO | sell | $36.190 | short |
2014-04-16 15:24:43 | YHOO | sell | $36.230 | short |
2014-04-16 15:43:55 | YHOO | buy | $36.380 | 0 |
Keithy! why did you short there - you should have said something in our chat, I would have said NOOOOOOO. The market had started revvying up, and this had started to go switch and go above it's ma's. once a stock that is riding ma's down, starts riding them up, don't short - unless something above it is pushing it back down (like in this case if it was butting up against the VWAP, that might have been a push, but it wasn't)
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It was holding emas and making higher lows so I wouldn't have short it there, that late in the day.