Shorted again, this time with tighter stop and better setup. Never hit big but sold half, half of that. Then other part came back to but sold at buy price. This postion was same size as earlier but with tighter stop and with sell points at earlier profits. To me this made sense because in these higher risk more volatile situations I don't want to take a full position risk. So my 500 shares here I was working with .15 stop instead of .50 stop of earlier. Then with the scaled gains covering the trade if 25 percent of the trade homeruns then it makes up for risk and can still win big off one of these more volatile symbols.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-09-18 13:48:09 | ULTA | sell | $118.480 | short |
2014-09-18 13:49:28 | ULTA | sell | $118.502 | short |
2014-09-18 13:49:28 | ULTA | sell | $118.495 | short |
2014-09-18 13:49:28 | ULTA | sell | $118.504 | short |
2014-09-18 13:49:28 | ULTA | sell | $118.500 | short |
2014-09-18 13:56:14 | ULTA | buy | $118.360 | short |
2014-09-18 13:56:14 | ULTA | buy | $118.345 | short |
2014-09-18 13:56:14 | ULTA | buy | $118.344 | short |
2014-09-18 13:59:30 | ULTA | buy | $118.200 | short |
2014-09-18 13:59:30 | ULTA | buy | $118.200 | short |
2014-09-18 15:08:21 | ULTA | buy | $118.590 | short |
2014-09-18 15:08:21 | ULTA | buy | $118.600 | 0 |
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