Popped up 2 points on the open, has been slowly trending lower the rest of the day. I decided to short it at the pre-market high (intraday technical level) but I covered a few cents below the short as the trade didn’t work immediately and was consolidating below the level. It broke out 20 cents above the level 5 minutes after so I would have gotten stopped out. It did end up trending lower but there's no way to know that it would have done that.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-07-23 11:51:24 | CHMA | sell | $8.180 | short |
2019-07-23 11:59:57 | CHMA | buy | $8.150 | 0 |
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