Short on MOLG was a great idea I was either early or didnt give it enough room. For my style I think the mistake was in not taking the short earlier near the .2 mark. I saw the stock being sold and instead positioned myself near the bottom of the range, where I am at the mercy of timing the extact failure. The stop should have been over the .2 area not the .15 I used. Looking back I should have retraded it but that seemed like a forced trade at the time positioning myself near the bottom of the range. I think this is a great trade to learn from.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-03 10:55:22 | MOLG | sell | $4.050 | short |
2014-12-03 10:55:22 | MOLG | sell | $4.050 | short |
2014-12-03 10:55:22 | MOLG | sell | $4.050 | short |
2014-12-03 10:55:22 | MOLG | sell | $4.050 | short |
2014-12-03 10:55:22 | MOLG | sell | $4.050 | short |
2014-12-03 10:58:17 | MOLG | buy | $4.160 | short |
2014-12-03 10:58:17 | MOLG | buy | $4.170 | short |
2014-12-03 10:58:18 | MOLG | buy | $4.176 | 0 |
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