This stock was a bit volatile. I entered after I thought it was breaking range on the downside. I got faked out and the stock squeezed up only to hit resistance. Being confident I still thought the stock was going to go down once it hit a resistance area, so I shorted more shares. But the mistake I made was patience once again. I covered all my shares because I thought it was going to break the previous high at $77.05 range. But that was actually the resistance area because shortly after it reversed and dropped down past my short entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-09-19 11:35:38 | FB | sell | $76.850 | short |
2014-09-19 11:44:24 | FB | sell | $76.880 | short |
2014-09-19 11:53:58 | FB | sell | $76.970 | short |
2014-09-19 11:54:22 | FB | buy | $77.040 | 0 |
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