Stock was stuck in a range in the morning but heading downward. I shorted the range break and covered after the spike, I would have been better off selling into the spike! Trade worked out and sold as it came back up.
Risk: 1% - 2:1 - 10c stop; 250 shares; P&L: $52.40
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-25 11:10:18 | CORT | sell | $5.658 | short |
2015-03-25 11:10:18 | CORT | sell | $5.660 | short |
2015-03-25 11:48:42 | CORT | buy | $5.450 | 0 |
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