Got stopped out.... (Jose C. told me that Len was nr at 3:01.)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-07-29 15:04:00 | LEN | sell | $33.310 | short |
2013-07-29 15:30:00 | LEN | buy | $33.410 | 0 |
Keep trends in mind. From early afternoon until the end of the day the stock was making higher lows and higher highs...the definition of an uptrend. Where you shorted was right at a "higher low" which is why it bounced. Now, after that last bounce high of $33.40ish, if the stock had made a lower high, that would be a hint that the uptrend was reversing and you could start watching for a short. Where you shorted was actually a perfect bounce spot!
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Make sure the time is entered in correctly. not showing the sell symbol.