Entered short on a bear flag as price flagged just below vwap. Buyers came in early in the day in the 6.75 range. Buyers came in again in the same location. Worried that short covering would drive the price higher quickly through my stop I exited early. Took a .02 loss on a .05 risk with the plan to re-enter if another bearish setup presented itself. Small loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-28 12:50:13 | HIMX | sell | $6.810 | short |
2014-05-28 13:22:11 | HIMX | buy | $6.830 | 0 |
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