I shorted this on the break of the trend line. The stock was rebounding from yesterday's earnings breakdown. Volume was very light and it was at its highs so I thought it was a good short. It was except for that one candle out of absolutely nowhere on the 2 minute that stopped me out. If that didn't happen, it would have been text book. Somebody hates me in this business.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-13 14:58:53 | FOSL | sell | $61.766 | short |
2015-08-13 15:08:00 | FOSL | buy | $61.870 | 0 |
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You had the right idea with this stock...but sometimes you'll get whipped out when a lot of stop losses get hit....you can always reload and reshort on the very next breakdown...don't give up on it just because you got stopped out on your first entry.