Intraday short breakdown swing. I saw the crack into the close on Tuesday and figured it probably wouldn't wait in the morning so I took a small position short overnight with a stop over $20.70 ($60 risk). I actually would have had a decent chance to short the pop in the morning but it never violated my stop anyway so I held on and gave it the rest of the day to work. I had a target in the low 20s which gave me close to 2:1 r/r but I did mess it up effectively by taking profits too early on the first half. My reasoning was that on the 5 min chart it was a significant flush and I figured it was time for it to bounce before heading down to the $20 area. After that flush it started to get stuck so I thought maybe it was done and covered up the rest. I should have been more patient and waited for the dump as there was no reason for me to cover other than I wanted to go to lunch, lol
300 shares
+$91.50 (1.84%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-19 15:49:18 | DAR | sell | $20.470 | short |
2013-11-20 11:44:38 | DAR | buy | $20.230 | short |
2013-11-20 12:17:30 | DAR | buy | $20.100 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Daily looked extended, nice short though