Shared by
huynguyen_BOWS
Rubberband Setup,
Waited for both ACAD and SPY today to show signs of weakness, both were fading. took a small short @ $51.43 with loose stop @ $51.75-80 with target support around @ $51.30. added some more on pull back but still kept stop same. cover 2/3 on support. cover more on flush pass $51, cover rest at $51.
Last cover because market was going sideways at the time and ACAD sitting on VWAP
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-07-15 11:56:21 | ACAD | sell | $51.440 | short |
| 2015-07-15 11:56:35 | ACAD | sell | $51.410 | short |
| 2015-07-15 12:03:54 | ACAD | sell | $51.720 | short |
| 2015-07-15 12:03:55 | ACAD | sell | $51.700 | short |
| 2015-07-15 12:03:55 | ACAD | sell | $51.710 | short |
| 2015-07-15 12:03:57 | ACAD | sell | $51.680 | short |
| 2015-07-15 12:09:30 | ACAD | buy | $51.320 | short |
| 2015-07-15 12:09:42 | ACAD | buy | $51.320 | short |
| 2015-07-15 12:09:49 | ACAD | buy | $51.360 | short |
| 2015-07-15 12:09:54 | ACAD | buy | $51.359 | short |
| 2015-07-15 12:30:07 | ACAD | buy | $50.850 | short |
| 2015-07-15 12:49:23 | ACAD | buy | $50.995 | 0 |
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