Thought today this stock was going to hit 20.00 and continue fading all day.
In 1000 @ 19.90, Target 19.60 and below. Stop @ 20.00. Max lost $100.
Ended up stopping out a little higher than my set stop as I didn't want a repeat of yesterday, where it popped over 21 (stopping me out), then continue fading all day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-04 09:35:41 | KKD | sell | $19.900 | short |
2013-12-04 09:39:56 | KKD | buy | $20.050 | 0 |
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This thing looked like death on the daily. I find it tuff to short the pop off the open.