Grade=C-
P/L= +0.35R
Entry: I entered after it tested hights above 47, retreated and stalled at the VWAP. The volume looked bearish. Targets were at 44.50 and 44.
Result: I covered some into strength after the first dip which cam after a few candles. I then obtained 44.65 for the 2nd piece and let myself get stopped out on the third. I don't mind the management of this trade even though the move wasn't a big one.
Another thing about this stock is that I was reading that it was only up on a rumour and I thought it might have fade potential depending on the technicals.
Update: It kept running despite the down market, so I'm glad I got out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-13 10:16:28 | CYBR | sell | $45.160 | short |
2016-01-13 10:18:34 | CYBR | sell | $45.160 | short |
2016-01-13 10:28:38 | CYBR | buy | $44.650 | short |
2016-01-13 10:36:34 | CYBR | buy | $44.920 | 0 |
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