Took this short trade with the idea that it was a confirmed backside of move and was thinking it would break the lows of the previous day as my target. Started to get really bored with this trade as volume and price movement completely just dropped off. Waited as long as I could but decided to cover since many times have been burned on the low volume action with random spikes and wanted to avoid that.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-10-14 09:40:00 | AEZS | sell | $4.020 | short |
2016-10-14 09:58:00 | AEZS | sell | $3.980 | short |
2016-10-14 11:56:00 | AEZS | buy | $3.890 | short |
2016-10-14 13:23:00 | AEZS | buy | $3.890 | short |
2016-10-14 13:47:00 | AEZS | buy | $3.890 | short |
2016-10-14 13:50:00 | AEZS | buy | $3.890 | 0 |
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