shorted under 29.14 with a stop above hod. My first target was 28.9 but I just didnt have the patience to let it get there because the stock was finding some buyers at the 29 level. I took off half at 28.99 but just didnt have the patience to wait for my tgt 1 to be reached which it did. I took off the other half at at 28.83 which turned out to be a great price. I showed such great patience throughout this entire trade and just didnt wait an extra 10 minutes for my first target to be hit. Still overall a good trade and some good alright profits.
NET: +1.63R
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-01-14 09:53:17 | MXIM | sell | $29.120 | short |
2013-01-14 09:53:17 | MXIM | sell | $29.120 | short |
2013-01-14 12:16:32 | MXIM | buy | $28.990 | short |
2013-01-14 13:07:13 | MXIM | buy | $28.830 | 0 |
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Perfect. Sick trade!