sell off in morning then drifted back then slight down then up; decide to try short it; 0.5% stop (50% fib leve); didn't break down so cover up (with this type of trade need to have more patience and two penny more I would have a okay trade.)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-04-02 12:01:00 | IRET | sell | $9.420 | short |
2013-04-02 12:01:00 | IRET | sell | $9.420 | short |
2013-04-02 13:09:00 | IRET | buy | $9.400 | 0 |
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tricky one the range had contracted as low of day was 9.25. it was a valid setup just not much juice in it