Shorted on the dead cat bounce on lower volume once it could not pop above the MAs and VWAP. Was looking at the $12.5 as my first target.
NOTE:
Made a mistake of moving my stop loss lower and not respecting my original stop loss which costed me getting stopped out at a penny and turning the trade into the loser.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-26 10:34:37 | ACHN | sell | $12.670 | short |
2014-12-26 12:35:29 | ACHN | buy | $12.760 | 0 |
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