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d_zimmy_BOWS
Was eyeing for a late day fade. It was sideways consolidation with price holding below MAs so I thought it would drop at the end of the day. It perked up a little around 3pm so I got out. May look for a long tomorrow since it held sideways all day with good volume.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-29 12:53:08 | MCGC | sell | $3.610 | short |
| 2014-10-29 12:53:14 | MCGC | sell | $3.610 | short |
| 2014-10-29 12:53:49 | MCGC | sell | $3.610 | short |
| 2014-10-29 12:54:30 | MCGC | sell | $3.610 | short |
| 2014-10-29 12:55:16 | MCGC | sell | $3.610 | short |
| 2014-10-29 12:55:56 | MCGC | sell | $3.610 | short |
| 2014-10-29 12:56:37 | MCGC | sell | $3.610 | short |
| 2014-10-29 12:56:54 | MCGC | sell | $3.610 | short |
| 2014-10-29 14:59:00 | MCGC | buy | $3.610 | short |
| 2014-10-29 14:59:00 | MCGC | buy | $3.610 | short |
| 2014-10-29 14:59:01 | MCGC | buy | $3.609 | short |
| 2014-10-29 14:59:01 | MCGC | buy | $3.609 | short |
| 2014-10-29 14:59:20 | MCGC | buy | $3.603 | short |
| 2014-10-29 14:59:32 | MCGC | buy | $3.604 | short |
| 2014-10-29 14:59:57 | MCGC | buy | $3.603 | 0 |
Comments
kunal00
2014-10-31 21:42:38
This stock is tricky because of the daily chart it ran into resistance but where you shorted it intraday it had been grinding along very slowly and orderly remember that when he stuck his momentum and it pulls back in an orderly fashion it typically is a long or has lost its momentum too short
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Looks to me like you shorted this too far above support. I think it might have been better to wait until it broke support at around $3.50 to short it.