Premarket gapper grinding lower whole day, every bounce seemed to be shortable making lower highs. Shorted on the dead cat bounce looking for a break of LOD but no go, decided to cut the loss as soon as it started bouncing back over the last high. I guess it was already overextended by the time I shorted.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-05 12:22:25 | CNAT | sell | $9.960 | short |
2015-01-05 12:40:20 | CNAT | buy | $10.100 | 0 |
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When you see a stock that gaps up and then fades right away, then they can fade most of the day. Szaman has said it too and that's where I learned it. It's better to start shorting early, not at noon.