Shared by
RobEsposito20
Starbucks reported bad earnings and gapped down over 3% in the pre market. I took a short 56.20 with a stop at 56.40 playing for it to break below the pre market low of 55.70. The stock never really went anywhere and after marking a low started to make higher lows and consolidate. I slowly scaled out of the trade as I didn't like the way it was behaving. Good trade. I traded it fairly well considering it didn't really work.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-01-27 09:32:58 | SBUX | sell | $56.200 | short |
| 2017-01-27 09:42:51 | SBUX | buy | $55.835 | short |
| 2017-01-27 09:55:14 | SBUX | buy | $56.005 | short |
| 2017-01-27 09:58:08 | SBUX | buy | $55.985 | 0 |
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