The daily chart had the bear flag setup. This stock was hanging out below its VWAP and had cleared a congestion area from yesterday when I shorted. Then there were a nerve-racking few minutes before the stock sorted itself out and did its thing. First sell was at the next resistance. I feel really good that I held through until then. The next sell out wasn't ideally timed and then I got stopped out of the last batch.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-23 09:36:36 | ACAD | sell | $22.150 | short |
2013-10-23 09:58:47 | ACAD | buy | $21.900 | short |
2013-10-23 10:41:29 | ACAD | buy | $21.740 | short |
2013-10-23 11:05:15 | ACAD | buy | $21.800 | 0 |
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Not Bad