Parabolic on the daily so I was looking for a parabolic intraday move to short into. To be honest, I didn't quite have a system for getting in aside from watching the level 2 and tape and trying to identify a slow down of the upward momentum. I know that this can be a dangerous game to play but my stop was set and the odds were in my favor considering the parabolic daily chart.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-06 09:57:26 | PTBI | sell | $10.580 | short |
2015-05-06 09:59:56 | PTBI | buy | $10.080 | short |
2015-05-06 10:04:35 | PTBI | sell | $10.110 | short |
2015-05-06 10:06:07 | PTBI | sell | $10.000 | short |
2015-05-06 10:06:57 | PTBI | buy | $9.750 | short |
2015-05-06 10:09:38 | PTBI | buy | $9.580 | short |
2015-05-06 10:11:25 | PTBI | buy | $9.370 | 0 |
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