looked like one big bear flag on the daily and saw it had gapped down at open so though it was showing all signs of being toast.. took it short after it formed a lower high.. no go as it rallied all day 200 shares -$42
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-07-25 09:34:18 | LINE | sell | $26.300 | short |
2013-07-25 09:50:57 | LINE | buy | $26.510 | short |
2013-07-25 09:50:59 | LINE | buy | $26.510 | 0 |
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I see what you was trying to do on the daily.. but intraday, its tough to try to make a decision off of one 5min candle. Better to wait for a setup for confirmation.