Shared by
EliBrown
I re-entered a short later in the day at 60.71 with 166 shares and a stop at 61.03. I chased my entry to far when the stock was a bit to extended. I needed to wait a hot second as the stock popped, made a lower high and began to breakdown. I covered up 50 shares at 60.47 and the remaining 116 at 60.48 as there wasn't as much selling pressure as I had anticipated. A recent earnings beat was also pushing the stock higher making this a lower probability short, the stock will potentially just consolidate to work off the overbought conditions.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-03 12:32:41 | FSLR | sell | $60.710 | short |
| 2015-03-03 13:13:38 | FSLR | buy | $60.470 | short |
| 2015-03-03 13:47:08 | FSLR | buy | $60.480 | 0 |
Comments
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!
Not bad. The entry was about right I think as you waited for confirmation, the sells were also good as you could only get a couple more cents if you had hit the exact low of the move