Shorted weakness under $19 and the 5 min 20sma. It actually worked really well but I got a little greedy and didn't cover in the 18.50s where I should have. When it started to look like it was going to squeeze around 12:10pm I covered it all. I should have covered half at the LOD $18.59 and held the other half strong with a stop at b/e. Overall I think it was greed that killed this trade for me as I had multiple chances to cover in the $18.50-$18.60 range and didn't take them, which made me trigger happy at the first sign of strength. Made $50.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-10-08 11:09:17 | PRGS | sell | $18.930 | short |
2012-10-08 12:20:37 | PRGS | buy | $18.700 | short |
2012-10-08 12:20:37 | PRGS | buy | $18.700 | short |
2012-10-08 12:20:38 | PRGS | buy | $18.726 | short |
2012-10-08 12:24:19 | PRGS | buy | $18.820 | short |
2012-10-08 12:24:19 | PRGS | buy | $18.820 | 0 |
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