I was using IBB as my guide at the time and was starting to think it would crack the 50 SMA when it started to pullback after its opening run. I chased my entry pretty far here as I was thinking it would flush if IBB could crack the 50 SMA. I shorted 100 shares at 99.74 and 100 shares at 99.40. After 99.00 support continued to hold and began to making higher lows on the 1 minute I covered up my shares at 99.63. The pullback in the IBB was not overly orderly but it was on lower volume then its run in the morning. Had I took note of this I potentially could have caught the second run in KITE and ZIOP.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-06 09:58:16 | ESPR | sell | $99.740 | short |
2015-04-06 10:05:17 | ESPR | sell | $99.400 | short |
2015-04-06 10:21:59 | ESPR | buy | $99.630 | 0 |
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