Late date fade off longside short breakdown. I was hoping I'd get a better flush than this but sized accordingly since I knew there was support at $22.17 and I would probably only get 10-12c out of it if I were lucky. Really this was a crappy reward to risk ratio, since I'm almost certain I would not have cut it for anything less than 10 cents loss. Luckily, the fade worked, but I don't recommend this style of trading.
800 shares
+$44.20
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-05-30 15:30:00 | CNP | sell | $23.270 | short |
2013-05-30 15:55:09 | CNP | buy | $23.210 | short |
2013-05-30 15:58:31 | CNP | buy | $23.229 | 0 |
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