big gap up in morning on a down trending stock. before gap up was looking to short for a dollar due to the fact the previous day had failed a ascending triangle breakout and broke down to a support price of 15.41. Wanted to take it to 14.41 and maybe just get .50 from this stock since once it sets its direction it usually gives a dollar as previous day. from fail support was excepted to give up 2 dollars coming into weekend with bad news except on Tuesday with earnings. so when it gaped up and didn't move on news and failed opened waited for the break of 18 since it held 18.06 per market held entry at 17.90 and didn't want to see 18 on t&S looked at per market and saw a bounce at the 17.50 area and decided to exit when i saw it on T&S failed some more and got filled at 17.38. before it wicked back up to test 17.50 area and failing some more.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-05-05 09:31:00 | SNCR | sell | $17.900 | short |
2017-05-05 09:36:00 | SNCR | buy | $17.380 | 0 |
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great job John