The plan was to wait to short CMCM. I thought that there would be an early morning fake out (there was) and then find a good entry. My entry wasnt terrible, at the time a short into the pullback into the 9mas and 20mas wasnt terrible. But I got caught in the squeeze and it stopped me out. Even though thi trade didnt work, its wasnt the worst entry but I guess I need to wait until more things line up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-18 09:52:07 | CMCM | sell | $30.140 | short |
2015-05-18 09:56:44 | CMCM | buy | $30.520 | 0 |
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