Short on this gap up that was dropping. No real setup and seen support from first pb, so anticipated bounce, so I exited.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-30 11:40:52 | EA | sell | $26.010 | short |
2013-10-30 11:40:53 | EA | sell | $26.005 | short |
2013-10-30 11:51:20 | EA | buy | $25.985 | short |
2013-10-30 11:51:27 | EA | buy | $25.985 | short |
2013-10-30 11:51:27 | EA | buy | $25.990 | short |
2013-10-30 11:51:27 | EA | buy | $25.985 | short |
2013-10-30 11:51:27 | EA | buy | $25.990 | short |
2013-10-30 11:51:27 | EA | buy | $25.990 | 0 |
I watched this damn thing all day, mostly just cause I wanted to trade EA.. wanted to short it too... it just never panned out.
I was watching EA today as well. The thing that prevented me from trading it was that the 50 day moving average on the Daily chart is $26.00 and it was flipping above and below this level for most of the day. Just hard to get a good read whether to go long or short for me.
Not a clean setup.. You shorted right on support. Daily and 30min chart had to much support below.
I really thought this was going to gap fill, due to it stopping hard at 27 and pushed down below the main support at 26.50 on the daily chart.
Thanks for the comments, I really appreciate them
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Trade is against the tide...in my experience is much easier to sell a stock thats down 5% and see it fall to down 12% then it is to sell a stock up 10% and see it fall to 2%...intraday looks like a good pattern but on a macro view this thing opened strong...sell that same pattern on losers and rake it up!!