Shared by
roshana123
This trade saved the day and let me leave the day in the green. It was my 3rd and final trade of the day (I am getting better at not jumping into a lot of stocks). It appeared to tap twice and I wanted to enter it a little above 23. A fellow trader in the chatroom shared that it should first break 23 and then it would be shortable. As soon as it did, there was such a massive price change and I was able to get in at 22.9. I do think I could've sold my half point and final shares at a better price point. The problem is that I'm just not used to "seeing" shorts and can't as quickly identify more specific exits. This is something I know I will get better at as I progress with looking at shorts.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-07-03 12:24:54 | LINE | sell | $22.900 | short |
| 2013-07-03 12:24:55 | LINE | sell | $22.900 | short |
| 2013-07-03 12:27:10 | LINE | buy | $22.730 | short |
| 2013-07-03 12:27:12 | LINE | buy | $22.740 | short |
| 2013-07-03 12:30:05 | LINE | buy | $22.690 | 0 |
Comments
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hehe good one but late entry closer to the 23.50 would have been hot but a late day breakdown can work too.