When BYND gapped down I was already looking for a bounce at the open to test R/G which was $234.90 and I had an area drawn at $235 which all lined up well for a short if it looked heavy there. Instead of waiting for that price I started in small on the way up and in hind sight should have added more up at R/G since it was working out at that price and I had room to add about another 20 shares to my 15 already which would have given me a max risk of $100.
Exit- I took of some profit at key levels expecting a bounce but it cut through every level like a hot knife through butter so for my last few shares I waited until the down trend was broken to get out and that was the right call.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-07-30 09:32:22 | BYND | sell | $229.500 | short |
2019-07-30 09:32:58 | BYND | sell | $232.000 | short |
2019-07-30 09:36:00 | BYND | sell | $233.000 | short |
2019-07-30 10:08:21 | BYND | buy | $214.000 | short |
2019-07-30 10:09:53 | BYND | buy | $208.520 | short |
2019-07-30 10:21:12 | BYND | buy | $211.350 | 0 |
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