Gapped up in the morning but immediately started showing weakness. When it started to base at the LOD I took a short position to fill more of the gap. Not one of my solid set ups so I only took a half position, worried it might bounce. Scaled for some profit pretty quickly since there were already three red candles in a row. It kept going down and I exited the entire position when it started to get jiggy at the 9EMA, even though it eventually broke it and continued to the 20EMA and bounced. Nice quick scalp.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-14 09:52:53 | MNKD | sell | $7.950 | short |
2013-08-14 09:57:31 | MNKD | buy | $7.810 | short |
2013-08-14 09:59:18 | MNKD | buy | $7.650 | 0 |
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