noticed the reversal and potential bear flag on FIVE after my second attempt to re-enter and I gave back half of my profits from earlier. decided to flip to a short play with a stop limit at my entry to minimize risk and trailed my stop down every 10 cent drop. I was able to make up the $60 of profit I had given back earlier.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-04 10:19:00 | FIVE | sell | $37.800 | short |
2015-06-04 10:40:00 | FIVE | buy | $37.500 | 0 |
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