Two attempts shorting this triple tap breakdown on the intraday 5 min chart. Unfortunately I think I chased the initial entry which made it difficult to hold through the sloppy trend it was developing. After exiting I realized I was not honoring the major trend and re-entered but again it failed to hold the breakdown and I exited pretty much exactly at the top. This is the most frustrating type of action for me as I knew the thing was going to hit low $54s and I just couldn't time it right or deal with the sloppy trend.
300 shares each
-$126.00 (-0.44%, -0.33%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-19 10:25:41 | CREE | sell | $55.160 | short |
2013-11-19 11:07:34 | CREE | buy | $55.400 | 0 |
2013-11-19 11:13:08 | CREE | sell | $55.190 | short |
2013-11-19 12:24:24 | CREE | buy | $55.370 | 0 |
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Very whippy.