looked like a dead cat bounce on the daily, thought this might be the day it comes back down again, shorted when it broke its 20 ema, covered half into the first flush and stopped out even on the last half, it was probably too extended going into the breakdown, probably needed to get this higher, but I thought it had too much support in the way to get it any higher
+$112.00
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-07-09 09:59:00 | LINE | sell | $25.810 | short |
2013-07-09 10:10:00 | LINE | buy | $25.540 | short |
2013-07-09 10:49:45 | LINE | buy | $25.800 | 0 |
better entry than others, at least. good idea to cover...pullback after gap up seems like a dangerous place to be Shorting. this thing is still down from 30s...
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Yeah you could of got a better entry, but still not bad. Once it broke the morning range low it flush pretty hard. I would of covered all my shares into that flush. It was extended, 4 red candles in a row.