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Shared by
ckz8780

 

NTAP

Oct 31, 2012 14:12


Tags:

IBS RT

Intraday bounce short. I had been watching this below $27 but couldn't quite catch it so I waited to see what it would do. It bounced but then started to fail at resistance where I would have had my stop so I decided to short the bounce and go for the low of day. The mistake I made with this trade was being a little too tight on my stop for the 2nd half, because as you can see I stopped out right at resistance before it rolled over and headed back down to new lows. I could have milked another 10-12 cents out of the second sell but overall a decent trade. +$28.31.


Execution detail:

Date/time Symbol Side Price Position
2012-10-31 14:12:08 NTAP sell $27.090 short
2012-10-31 14:12:08 NTAP sell $27.090 short
2012-10-31 14:12:08 NTAP sell $27.090 short
2012-10-31 14:12:08 NTAP sell $27.090 short
2012-10-31 14:54:48 NTAP buy $26.955 short
2012-10-31 15:17:45 NTAP buy $27.077 0


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