Gap up but failed at the open. It recovered but then failed again. Got in short at 7.65. I split my position in half and had 2 $500 stops at 7.75. When it dropped, I dumped one of them down to 7.51 and closed half of my position. Then it started to dance around, came back up a bit and then dropped back to 7.50. I flattened my position and the rest closed at 7.51 also. Happy with this trade. Had my stops in place and jumped on profit when it was available.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-10 09:40:24 | MGI | sell | $7.650 | short |
2021-03-10 09:46:30 | MGI | buy | $7.510 | short |
2021-03-10 09:48:21 | MGI | buy | $7.510 | 0 |
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