Shared by
E-Money
3/22/18
MIK:
10:24- Shorted 300 shares at $19.67, stop loss placed at $19.81. It gapped down significantly, climbed back up, and showed that it made several failed attempts to break the $19.80 resistance.
10:38- Trailed stop loss to $19.63.
10:51- Closed entire position at $19.53, it looked strong since it was bouncing off of the $19.50 level after breaking the previous pivot...the RSI also seemed to break the midpoint, favoring the upside.
- Trimming a portion of the position next time would be better way to handle the trade
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-03-22 10:24:24 | MIK | sell | $19.670 | short |
| 2018-03-22 10:51:01 | MIK | buy | $19.530 | short |
| 2018-03-22 10:51:14 | MIK | buy | $19.530 | 0 |
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