Daily breakdown. Decent entry right off yesterday's 5 min chart near yesterday's low. Held for a while hoping for it to break through the $11.50 area on the daily but it wouldn't get there. Cut for a $9.00 loss when it broke the pattern intraday, then it reversed and broke $11.50 later but not with much force. After yesterday I think it was too exhausted and $11.50 support was too strong. Only ran 10 cents below. Overall a good trade as I kept the loss to a minimum and my entry was great - it just didn't work as well as I'd hoped.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-01-03 09:39:20 | RIMM | sell | $11.650 | short |
2013-01-03 11:35:46 | RIMM | buy | $11.680 | 0 |
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