Huge gap on this stock was using $8 as a gauge for long above and short below. It showed signs of lower highs and my first short was into VWAP with stop over $8. As it started confirming and I had more firm numbers I shorted again stop over.85 and looking for a loss of lows to cover into. Covered around .2 base that was forming and walked away from the trade. I decided to cover all because I would have been further ahead in the past few weeks with that method and I want to see the result of that approach. Also if I can make my goal first thing that allows me to start building shares, approach etc.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-12 10:14:16 | CCXI | sell | $7.820 | short |
2014-12-12 10:23:45 | CCXI | sell | $7.680 | short |
2014-12-12 10:49:42 | CCXI | buy | $7.190 | 0 |
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