Good trade idea. Got it a little bit late from TradeOnTheFly. Had the same stop loss ($40.10-40.12) but smaller risk, since entered my position later at higher price.
Hit my hard stop loss on the second day due to quick short squeeze. Maximum was $40.6. Did not drew the proper resistance line before (it was around $40.50ish). After that the stock was downtrending for 3+ days more.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-03 12:36:01 | PTLA | sell | $39.550 | short |
2017-04-04 10:48:49 | PTLA | buy | $40.123 | 0 |
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