Shared by
youngcb1_BOWS
Dead cat bounce. I entered a short position with a stop at 16.08. The stock dropped and I covered half. It started to consolidate then round so I covered the rest of my position. The stock was only creating another dead cat setup. Once I covered I should've re-entered but I started to look at other stocks since I initially thought this stock was reversing direction for good.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-23 10:28:50 | TGTX | sell | $15.950 | short |
| 2014-12-23 10:34:24 | TGTX | buy | $15.670 | short |
| 2014-12-23 11:25:32 | TGTX | buy | $15.810 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!