Stock looked overextended, so I thought there was a short opportunity. It did not breakdown as expected and the churn was chewing up the shares for sale. Cut my loses and switched directions.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-19 11:21:20 | WTW | sell | $12.610 | short |
2015-10-19 12:02:06 | WTW | buy | $12.930 | 0 |
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too much intraday support for resistance for a short for me...
not seeing signs of weakness either....good idea overall but not the setup when its still got upward momentum