Shared by
AndrewFerrara_BOWS
I also had this stock on my short list from its over extension on the daily. Stock dropped off the bat and looked like it bear flagged into the 9ema resistance. I got short and even added to it a couple minutes later as it looked like it was going to crack. I didnt see any support at $12.50 level, but the stock couldnt break it and quickly reversed. Here was my biggest mistake - when I added on to my position, I forgot to add to my stop loss and I paid the price.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-09 10:01:26 | ZIOP | sell | $12.650 | short |
| 2015-03-09 10:01:26 | ZIOP | sell | $12.655 | short |
| 2015-03-09 10:01:26 | ZIOP | sell | $12.655 | short |
| 2015-03-09 10:05:36 | ZIOP | sell | $12.630 | short |
| 2015-03-09 10:05:36 | ZIOP | sell | $12.630 | short |
| 2015-03-09 10:47:54 | ZIOP | buy | $13.150 | short |
| 2015-03-09 10:47:54 | ZIOP | buy | $13.132 | short |
| 2015-03-09 11:06:09 | ZIOP | buy | $13.279 | 0 |
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