This stock gapped up slightly after two huge down days, so I took it short when it went Red on the day. I scaled out way too soon. MB said it the Market Recap that this was a very risky trade due to the fact that it is the 3rd down day, getting too extended.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-17 09:37:00 | MNK | sell | $55.500 | short |
2016-03-17 09:38:00 | MNK | buy | $54.815 | short |
2016-03-17 09:39:00 | MNK | buy | $55.040 | 0 |
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