Shared by
ckz8780
Intraday short breakdown. Got headfaked on this one! Man this thing looked like it wanted to crack that $12.20 all day but the volume pattern was a bit bullish so I guess I should have expected this. It wicked down to $12.17 so I got it, then it squeezed. Nothing I could have really done here, it just didn't work. I could have hedged this but decided to just take the risk and then was a little stubborn on selling. I should have gotten out when it didn't flush right away but I held on. Not a terrible trade but could have definitely been better. Lost $35.96.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-02-21 14:27:06 | MGM | sell | $12.190 | short |
| 2013-02-21 14:43:03 | MGM | buy | $12.280 | short |
| 2013-02-21 14:43:03 | MGM | buy | $12.280 | 0 |
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