Shared by
sk6345
Saw a rubberband snapback short on the daily chart and started looking for a intraday pattern to enter. Saw a bear flag forming and entered after a tap on resistance and a red candle that held. I sold 500 shares at $4.85. Bought back half once previous low was reached at $4.80 and wanted to keep the rest for the lotto. Price started pulling back more than I was comfortable with, so I bought the rest of my shares at $4.77. I saw another bear flag forming and decided to reenter by selling 100 shares at $4.76. Sold half at $4.66 and wanted to keep the rest for the lotto. However, the price started to pullback and it was just past 11am. Figuring it would pullback to the vwap or at least make a deeper pullback than it had before, I decide to sell the rest of my shares at $4.64.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-08-31 10:40:00 | GNW | sell | $4.850 | short |
| 2016-08-31 10:43:00 | GNW | buy | $4.800 | short |
| 2016-08-31 10:47:00 | GNW | buy | $4.770 | 0 |
| 2016-08-31 10:53:00 | GNW | sell | $4.760 | short |
| 2016-08-31 10:58:00 | GNW | buy | $4.660 | short |
| 2016-08-31 11:03:00 | GNW | buy | $4.640 | 0 |
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