deadcat bounce
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-07-09 10:40:03 | CIEN | sell | $19.790 | short |
2013-07-09 10:40:03 | CIEN | sell | $19.780 | short |
2013-07-09 11:21:47 | CIEN | buy | $19.890 | short |
2013-07-09 11:21:47 | CIEN | buy | $19.900 | 0 |
the idea is cool....except that it just dumped from 20.05 to like 19.65....at 19.65 is where people like me enter for the scalp, and then we scalp out in the first nice pop, here shown at 19.80 are....THEN, the guys who msised the first one watch it consol for a bit, and then they all enter for ROUND 2
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I see what you tried to do. It fell back down once you took the short but once it got but to you entry price you should of covered flat. It was to extended at that point.