Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-06 11:16:02 | KITE | sell | $57.120 | short |
2015-05-06 11:25:29 | KITE | buy | $57.700 | 0 |
I should never have taken this. Honestly, I had lost so much today that I needed a winner and Szaman took this trade so I figured I would trade one with a winner. Unfortunately this wasn't the one.
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Trendline support under the price, with 9ema, which the price is riding up.
A short needs confirmation and preferably a retest after goind up so much. A look at the daily shows the 20ma at 58.17.
Waiting until that area would be a good place to find a short opportunity.