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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