Another solar stock plummeting on the daily. I don't really know if this constitutes a real setup but I tried to short it as it bumped up against the 20 EMA. However it was consolidating during the time I traded it so I covered for a small gain when I noticed the relatively weak red volume bars.
Could have been a nice play if I had set my stop around the VWAP and let it ride all day, especially since I only had 250 shares. At least my cover spots were okay. I keep telling myself that this could have been a really good trade if I could afford to take more risk & larger position per trade. However I do this to myself because I seldom actually use the max shares I'm allowed per trade. Gotta work on that if I'm ever to establish consistency.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-12 13:35:05 | CSIQ | sell | $21.430 | short |
2016-01-12 13:37:11 | CSIQ | sell | $21.390 | short |
2016-01-12 13:37:25 | CSIQ | sell | $21.393 | short |
2016-01-12 13:42:22 | CSIQ | buy | $21.253 | short |
2016-01-12 13:46:04 | CSIQ | buy | $21.330 | 0 |
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