ROBBERY on this one! Great looking multi time frame breakdown. Shorted under 63.95 which was daily and intraday support. Had a 24 cent profit and didnt take it because there wasn't too much support and I had a profit target of .63. It spiked back up so I had set my stop at breakeven and it wicked my stop and then flushed down over the next 30 minutes to my target price... DANG. Just need to manage my stops a little better and I think in this case a stop above 64 would have been a little better because that was above the 20day MA which I find is usually the stocks last hope of a rebound.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-12-20 10:18:47 | FDO | sell | $63.940 | short |
2012-12-20 10:18:47 | FDO | sell | $63.940 | short |
2012-12-20 11:04:25 | FDO | buy | $63.950 | 0 |
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