Attempted parabolic short. Still learning how to play these intraday so only 100 shares. I believe this one probably needed one pullback on the 5 min chart to sucker in all the shorts (e.g. me, lol) before having one more big squeeze to get them all out before the real crack at $57. Seems the judgement call is to always assume these can go higher than they have and only short at the most extreme point.
-$13.00
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-21 10:51:31 | EBAY | sell | $56.050 | short |
2014-08-21 11:10:00 | EBAY | buy | $56.180 | 0 |
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