Longside short breakdown. VALE was cracking the 5min 20sma and a round number at $20.50 simultaneously but it turned out to be rangebound. Doubled up on the 2nd attempt to break $20.50 but it bounced once again so I cut it at $20.60 for a $51.00 loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-12-26 11:03:04 | VALE | sell | $20.530 | short |
2012-12-26 11:38:02 | VALE | sell | $20.500 | short |
2012-12-26 12:41:29 | VALE | buy | $20.600 | short |
2012-12-26 12:41:30 | VALE | buy | $20.600 | 0 |
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