Took an ORB/123 short entry on this snapback. I didn't like how it was congesting after so eventually I dumped it as it was getting close to when I have to stop trading.
Entry: 12.80
Stop: 13.00
Target: 12.40
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-03 10:25:11 | ZLC | sell | $12.800 | short |
2013-09-03 11:11:30 | ZLC | buy | $12.900 | 0 |
Yeah still on my short list for today - though I did that with another stock and got hammered day after day. I like the price action on this one though, it really feels like it is reversing and maybe a stop around 12.85 with a decent entry.
Looked like you shorted into the bounce. But also it never hit your stop of 13, why'd you tighten it?
No real reason, just closed out for bed early this day. The congestion had me feeling even if I gave it an hour it probably would stay where it is. Turns out I was dead wrong but by then I was snoozing ;)
tricky as it hit 13.20 ... 40 cent drop on this stock is big the dips been getting bought in it hard.
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I was about to ZLC short today, but this darn stock is sooo strong. It's bound to happened, right? : )