worst trade of the day, tried shorting in the opening candle because i thought it might get that "one last ghasp" push down out of the gate which ended up happening later,my original plan today was to trade amazon long today because it had been selling off 3 days in a row. didnt stick to my plan because every 5 minute candle after the open was getting sold back off hence the wicks above the bodies. started building a short position and it started to work briefly, but i didnt book any when it spiked down because the last two days it seemed to pick a direction and move that way tried to add in one more time afterwards and then had to cover when it started ramping back to its high at the open
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-04 09:31:00 | AMZN | sell | $524.110 | short |
2016-02-04 09:31:41 | AMZN | buy | $528.640 | 0 |
2016-02-04 09:47:14 | AMZN | sell | $521.890 | short |
2016-02-04 09:48:52 | AMZN | sell | $524.560 | short |
2016-02-04 10:12:46 | AMZN | sell | $524.850 | short |
2016-02-04 10:28:17 | AMZN | buy | $528.950 | 0 |
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don't short these oversold stocks into the hole.. let them spike up or base out stock with a range like that