Good trade but could have done better with the last 1/4. 5' short entry at 37.27 and covered half at 36.83 which was 2R and then covered another 1/4 at .56 and planned to let the last 1/4 ride out for awhile using the 20MA on the 5' as my stop. It rallied hard through there and stopped me out. Maybe I should have just used the .21 base as my last stop but its easy to say that now that I know the outcome. This stock was crazy and spready so I am still very happy with the trade.
NET: +1.7R
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-02-08 10:34:52 | CXW | sell | $37.270 | short |
2013-02-08 11:19:50 | CXW | buy | $36.830 | short |
2013-02-08 11:38:08 | CXW | buy | $36.560 | short |
2013-02-08 11:49:11 | CXW | buy | $37.160 | 0 |
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