I didn’t catch sight of this until later in its downtrend. I wanted to wait for a pullback but it was very weak and was not pulling back. I decided to short a momo tier at 12.62 after a small consolidation period but it looks like this is where it bottomed and I got stopped out at 13.10. It pulled back to 14.5 then trended down the rest of the day. I should have gotten back in when it broke below the 14 level on the second down leg.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-07-31 12:01:22 | TWOU | sell | $12.620 | short |
2019-07-31 12:08:55 | TWOU | buy | $13.100 | 0 |
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