This one was another nice short, although I sold too early, not because the stock kept going lower but because my target was the 39.30-39.40 area.
My rationale was similar than SSYS trade. A big gap lower that could not get filled, the stock consolidated lower so I set an alert on the low end. The level was broken with volume and wit power so I was confident of my sell. I sold half on first down move and the other one close to my target.
Next time I should wait for the stock to either reach to my target or give me a reason to sell
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-30 12:09:04 | YELP | sell | $39.910 | short |
2015-04-30 12:12:10 | YELP | buy | $39.730 | short |
2015-04-30 12:35:50 | YELP | buy | $39.510 | 0 |
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