Shorted just as it broke support. Was watching that 2:00 marker. Held on into the close. I'm thinking I should have exited but trying experiment. Previous week price dropped from 78 - 62. Could have more room toward the downside.
Today 5/15 Shak opened with a gap up about 2 bucks. Sold 50 right away. Watched the first candle form and it dipped a little and then started to come back up. Sold 2nd 50 right before second candle. Should have sold yesterday.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-14 13:59:55 | SHAK | sell | $71.400 | short |
2015-05-15 09:31:28 | SHAK | buy | $67.485 | short |
2015-05-15 09:34:29 | SHAK | buy | $66.870 | 0 |
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Good trade. The entry could have been higher- closer to 72, but you rode it down nicely.
Looking at the daily chart it is not something I would hold overnight.
But, you took your profit in a timely manner.
Well done