Shared by
ballhog409
Saw the same setup as AMBA. Pricing spiking up to the emas and coming back down. I sold short at $37.73 and set a tight stop of $37.93, thinking that the reward is around $0.50. I adjusted my stops and bought back at below $37.40. The same downward trend stopped at $37.17.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-08-24 14:38:47 | FIT | sell | $37.732 | short |
| 2015-08-24 14:43:17 | FIT | buy | $37.390 | short |
| 2015-08-24 14:43:20 | FIT | buy | $37.375 | short |
| 2015-08-24 14:43:33 | FIT | buy | $37.375 | short |
| 2015-08-24 14:43:52 | FIT | buy | $37.360 | 0 |
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