Shared by
ckz8780
Intraday short breakdown. This was the point where it had bounced earlier in the day and it was bear flagging just above it. As you can see it needed one more bounce so it was a crappy r/r play but it worked out pretty well. Had a stop at $54.70ish. The first entry was pretty good and the first cover was fantastic. I covered the last half of the first trade close to flat then tried to re-enter when it finally looked ready to snap $53 but it didn't work out so I just covered it all for a small profit and called it a day. Overall not a bad trade but got a little emo there at the end.
1000/500/500 shares
+$250.00 (0.56%)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-27 13:27:20 | CREE | sell | $54.260 | short |
| 2013-08-27 14:14:54 | CREE | buy | $53.960 | short |
| 2013-08-27 14:42:32 | CREE | buy | $54.170 | 0 |
| 2013-08-27 15:13:41 | CREE | sell | $53.990 | short |
| 2013-08-27 15:25:59 | CREE | sell | $53.980 | short |
| 2013-08-27 15:45:34 | CREE | buy | $53.930 | 0 |
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