Wedge pattern forming to the downsize, although there wasnt much volume. I caught the break and took a confirmation trade. $1 risk which was a little much. Added to the position throughout the day expecting another break for the gap fill. Unfortunately it was not ready, looking for a short tomorrow morning. +69.20
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-12-04 10:05:33 | KBIO | sell | $32.080 | short |
2015-12-04 10:26:56 | KBIO | sell | $32.160 | short |
2015-12-04 10:58:20 | KBIO | sell | $31.680 | short |
2015-12-04 15:02:27 | KBIO | sell | $31.000 | short |
2015-12-04 15:25:58 | KBIO | sell | $31.030 | short |
2015-12-04 15:51:44 | KBIO | buy | $31.060 | 0 |
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I like the way you stayed disciplined and held on to this after it came back up past your short price. I sell out way too quick on most of my trades.