SM was parabolic on the daily and tanked on the 5 min chart.When it cracked the bear flag intraday,I shorted it for a 50c flush and covered into the LOD area.I kept the last 1/4 for lotto but stopped out after it remounted the mas again.Overall,a well managed trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-08 12:46:08 | SM | sell | $15.120 | short |
2016-03-08 12:53:22 | SM | buy | $14.940 | short |
2016-03-08 13:11:57 | SM | buy | $14.720 | short |
2016-03-08 13:22:17 | SM | buy | $14.970 | 0 |
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