This was a dumb bet but I thought I saw the stock breaking down the trend line and below the 20 ema on the 5 minute. It snapped back faster than I could cover it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-13 14:26:42 | CYBR | sell | $41.100 | short |
2014-11-13 14:31:04 | CYBR | buy | $41.340 | 0 |
2014-11-13 14:31:39 | CYBR | sell | $41.110 | short |
2014-11-13 14:32:51 | CYBR | sell | $41.050 | short |
2014-11-13 14:36:26 | CYBR | buy | $41.570 | 0 |
good thing is u know the spots...thats the exact spot u need to be buying so u need to flip ur thinking. there is 0 short setup. even if it broke under its ema's it still is not a short setup
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Price action and volume was still to the long side...http://screencast.com/t/5NiDqdLLo