I had this on my list all week as a short and it never really worked for me. Got a tip from a buddy and saw it hit twitter, so jumped in late on the ORB. Am not happy with my entry, but it worked out. My first target was too optimistic (11.00), which I need to work on. I covered when it began consolidating as I wanted to lock in gains in case it started grinding up. My plan was to re-short if it did not break MA's. When it became apparent that it was ready to drop more, I entered with a bit more size an tighter stops. I am happy with my second trade. Second target missed by .02 (10.75, it hit 10.77) so I dumped half at 11. Put the rest at 10.80.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-09-19 10:01:47 | AVNR | sell | $11.440 | short |
2014-09-19 10:01:47 | AVNR | sell | $11.440 | short |
2014-09-19 11:13:23 | AVNR | buy | $11.240 | short |
2014-09-19 11:13:23 | AVNR | buy | $11.240 | 0 |
2014-09-19 11:34:28 | AVNR | sell | $11.230 | short |
2014-09-19 11:49:17 | AVNR | buy | $11.000 | short |
2014-09-19 11:49:17 | AVNR | buy | $11.000 | short |
2014-09-19 12:07:53 | AVNR | buy | $10.800 | short |
2014-09-19 12:07:57 | AVNR | buy | $10.800 | 0 |
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