Shared by
MaxC_BOWS
I was originally looking to buy this stock for a bounce near 20dma, but the previoius sell off caused a deadcat bounce in the morning and it created a nice range intraday. If you take a look at the 30min chart youll see a very nice bear flag/trend break. Shorted on confirmation and rode until my mark was hit and good profit on lotto shares.
Risk: 2% - 2:1 - 10c stop; 500 shares; P&L: $110.00
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-25 15:00:29 | GTN | sell | $13.840 | short |
| 2015-03-25 15:07:27 | GTN | buy | $13.640 | short |
| 2015-03-25 15:14:50 | GTN | buy | $13.540 | 0 |
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