Shorted this with the 20ma laying flat on the top of it.
VWAP just above. Kept a tight stop (the most recent high- which was about 45 minutes before)
Then it popped up and stopped me out - to the penny, before dropping off where I could have got a nice profit.
Sometimes I place the stop too close
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-24 12:40:00 | ZAGG | sell | $8.640 | short |
2015-03-24 12:56:00 | ZAGG | buy | $8.690 | 0 |
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