Too extended heading into the breakdown. The setup was a crack of yesterday's low but it needed to base out more. Should have had a much tighter stop too. I think that $118.50 was the spot, or even $120.50 where it showed weakness in the 2nd candle.
50 shares
-$64
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-04-25 10:06:35 | CELG | sell | $116.750 | short |
2013-04-25 10:08:12 | CELG | sell | $116.750 | short |
2013-04-25 10:12:45 | CELG | buy | $118.030 | 0 |
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