2nd time trying to fade off the top near 51. 50.50 was broken but 51 sellers were too strong and it could not hold.
I did not like this trade as I was literally playing the middle of the range. I missed the great short opportunity at 50.5 over under with risk to 51, partly because I tried to short it before at 50 and did not work. Overall good realization that predicting the top in a strong stock isn't the best thing to do
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-02 14:43:57 | KORS | buy | $50.220 | long |
2016-02-02 14:48:01 | KORS | buy | $50.090 | long |
2016-02-02 14:48:20 | KORS | buy | $50.100 | long |
2016-02-02 14:51:46 | KORS | sell | $50.220 | long |
2016-02-02 14:52:00 | KORS | sell | $50.170 | 0 |
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