Holding this over. Stop loss at 41.00
Update:
I think this is the 3rd time this has happened in the past month. Solid idea, shitty entry, stock runs a bit.. I cover before it gets back to my buy spot and then the trade starts to work.
Covered -27c. Never hit my stop loss at 41.00. Next time when I short at eod on a risky set up, I'll use half positions instead of full. In the event of a gap up such as today I'll be able to add in and get a better average.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-04-22 15:45:00 | ACOR | sell | $39.930 | short |
2013-04-23 10:39:00 | ACOR | buy | $40.200 | 0 |
Risky trade. Overextended on the daily, looking for a morning sell off.. I think I'm getting trigger happy after my previous win on this.
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whats tje setup on this?