Shared by
ckz8780
Overall I just should not have been in this trade. I decided to take some heavier risk on it since it was a really nice daily breakdown, but it was already down the last 4 days and the likelihood of it cracking through was not very high. I decided not to take it at $4.55 because I figured it would stall at $4.44, then like an idiot I shorted it at $4.44 so I basically shorted at the exact spot I was expecting it to fail and the reason that I didn't take it at $4.55...lol - so overall I should have just not traded this, and especially not with 1500 shares. It needs to base here for a while if it is going to break through with any force.
Lost $105
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-12-04 10:23:55 | EXEL | sell | $4.440 | short |
| 2012-12-04 10:23:55 | EXEL | sell | $4.440 | short |
| 2012-12-04 10:23:55 | EXEL | sell | $4.440 | short |
| 2012-12-04 10:23:55 | EXEL | sell | $4.440 | short |
| 2012-12-04 10:23:55 | EXEL | sell | $4.440 | short |
| 2012-12-04 10:23:55 | EXEL | sell | $4.440 | short |
| 2012-12-04 10:23:55 | EXEL | sell | $4.440 | short |
| 2012-12-04 11:45:36 | EXEL | buy | $4.510 | 0 |
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