Saw the rest of the oils were selling off. OAS was making a lower high and hadnt broke down yet. Took short. Covered half at previous low. Then 1/4 at previous days low. Only mistake on this trade was lowering stop from breakeven down prematurely and was stopped out on the pullback. Otherwise could have been a pretty nice trade. That pullback area could have been an add spot as well.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-18 10:11:08 | OAS | sell | $8.650 | short |
2016-03-18 10:20:11 | OAS | buy | $8.417 | short |
2016-03-18 10:25:31 | OAS | buy | $8.260 | short |
2016-03-18 11:05:52 | OAS | buy | $8.610 | 0 |
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