LOD break. PWER had a very weak close the day before and had gapped up so I used the green to red trigger as a spot to enter at $5.56 short. It actually worked quite well but there were a couple things I could have done better. First I could have assumed that it would at least head back to lows when it cracked $5.68 around 10am, and also I could have taken some profit when I was up 10 cents rather than let it come all the way back to stop out for just a $7.50 gain. Here's a chart showing where I actually shorted (the little red arrow) and where I should have shorted (the yellow line):
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-09-27 10:33:34 | PWER | sell | $5.560 | short |
2012-09-27 10:33:34 | PWER | sell | $5.560 | short |
2012-09-27 10:33:34 | PWER | sell | $5.560 | short |
2012-09-27 11:20:42 | PWER | buy | $5.550 | 0 |
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