Shared by
TomB_BOWS
After huge run started to consolidate. Took a short, stop to tight. Got back in and it came down a little, took half, covered rest at short spot but stop still to tight. It then flushed. Stop to loose for wide range stock.
Symbol: CMCM
Time of trade: 12:33pm
Size of Position: 200
Day trade
Price: 29.53
Market above/below 50 DMA: Yes
Setup: Bear flag
Long/Short: Short
Gain/Loss: -$2.30
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-14 12:33:24 | CMCM | sell | $29.520 | short |
| 2015-05-14 12:40:13 | CMCM | buy | $29.640 | 0 |
| 2015-05-14 12:41:01 | CMCM | sell | $29.550 | short |
| 2015-05-14 13:15:54 | CMCM | buy | $29.360 | short |
| 2015-05-14 13:23:23 | CMCM | buy | $29.546 | 0 |
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