Shared by
ballhog409
I saw that the price spiked into the 9ema before and flushed around $1. Market has become weak so I shorted the stock once the price spiked into the 9ema again. I got in at $88.86, set a stop at $89.11, looking for a $1 flush vs a $0.25 risk. Once the priced moved down, I adjusted my stop to minimize loss from any uptick and sold once it moved down from $88.10. It bottomed at $87.97. After the trade, it looks like the stock is moving sideways again.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-08-24 14:21:09 | AMBA | sell | $88.865 | short |
| 2015-08-24 14:21:09 | AMBA | sell | $88.860 | short |
| 2015-08-24 14:28:30 | AMBA | buy | $88.020 | short |
| 2015-08-24 14:28:30 | AMBA | buy | $88.020 | 0 |
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