Daily: Rubberband short
Intraday: Flag
Entry: $29.25
Stop-Loss: $29.50
Loss: $-23 (-0.3%)
Took short position on an intraday flag but price didn't reach my my 1st target at $28.50 (previous day low). Covered position when it went above VWAP and MAs. Should have scaled out at $29.90 to lock in some gains.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-19 09:58:01 | EDU | sell | $29.260 | short |
2013-11-19 09:58:03 | EDU | sell | $29.250 | short |
2013-11-19 09:58:08 | EDU | sell | $29.250 | short |
2013-11-19 10:37:03 | EDU | buy | $29.340 | short |
2013-11-19 10:37:08 | EDU | buy | $29.350 | short |
2013-11-19 10:37:08 | EDU | buy | $29.350 | 0 |
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so your stop was 10 cents away and the trade moved in your favor by about 35 cents and you still didn't take any profit.... you should have taken at least some money off the table, especially as it rallied back above 29 on substantial volume.
Entry was good though. Good job with that!