this looked like it was gna tank, so I decided to go for with the stop right above the high of the previous candle, and the price did tank for like 2 bars and once it got close to support I closed the position
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-17 09:46:35 | AERI | sell | $30.745 | short |
2015-09-17 09:46:35 | AERI | sell | $30.745 | short |
2015-09-17 10:15:40 | AERI | buy | $30.000 | 0 |
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It tanked, because it gapped right into price resistance on the daily chart (not seen in this small daily chart here). Nathan Michaud (Investors Live) also shorted this.