Shared by
Avi_BOWS
This was a decent trade but I sold it based on Kunal exiting the trade. When I did exit I thought, "why am I exiting, it will probably go down later in the day." But I didn't feel confident and thought that Kunal was seeing something I wasn't. I didn't realize that he was planning on buying back in if it fell below the MA's again.
Kunal also stated that these type of faders have a tendency to fade toward the end of the day. So if held this, or bought back in for a short then I would have made more money.
At any rate this was "the play" for the day, in a range bound market. Next time I'll have a better understanding of how to play it.
P.S. I mistakenly shorted an extra 100 shares, intending to cover a 100 shares, I think it actually made me some extra money though, lol.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-07-15 10:40:57 | KORS | sell | $80.745 | short |
| 2014-07-15 10:40:57 | KORS | sell | $80.741 | short |
| 2014-07-15 10:50:21 | KORS | sell | $80.250 | short |
| 2014-07-15 10:50:36 | KORS | buy | $80.199 | short |
| 2014-07-15 11:29:06 | KORS | buy | $80.824 | 0 |
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