My first entry was definitely reaching but I was also looking at the daily and thought this could potentially be a nice breakdown. I figured I would increase the position on a spike which I did. I covered into the weakness. Didn't have the downside I was looking for but it worked out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-15 10:37:54 | TRIP | sell | $72.505 | short |
2014-12-15 10:55:44 | TRIP | sell | $72.900 | short |
2014-12-15 11:13:56 | TRIP | buy | $72.250 | short |
2014-12-15 11:34:41 | TRIP | buy | $72.200 | short |
2014-12-15 11:47:01 | TRIP | buy | $72.345 | 0 |
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Second entry was a lot better. Whole lot better!!