Fit showed weakness at the end of the previous day and at the open. So I thought after the stock had rested I would take it short at the 9EMA/ VWAP area. I thought this pullback was a high probability trade, but got stopped out again. I thought stocks go on multi-day runs. Why did this one just pop for one single day and then start flagging?
*I also saw weakness in the market at the open which is why I decided to short this thing.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-14 10:17:55 | FIT | sell | $16.520 | short |
2016-04-14 10:26:52 | FIT | buy | $16.610 | 0 |
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