Shared by
Nitso_BOWS
This stock was a wild one! So gitty! Price was touching every level, and during mid-day I had no gauge so I left it alone, which I liked! So as price broke down below the MA's and VWAP I had a cue that it wanted lower. Looking back I chased this too, should have shorted when it initially broke down at $4 or when it came back and tested that level. But I shorted the flag anticipating another break. It broke and covered as it came to LOD's...held other half until it took out MA's to the upside.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-09-10 14:46:59 | NETE | sell | $3.730 | short |
| 2014-09-10 14:51:41 | NETE | buy | $3.460 | short |
| 2014-09-10 15:34:54 | NETE | buy | $3.570 | 0 |
Comments
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Nice trade