This was actually timed to perfection. Must be technically my best trade so far. AMBA gapped up, but when the pullback did not drive stock back even close to previous highs, I felt that this was a good candidate for a short. I was able to hold through temporary spikes and scaled out. Got out of the last position when the stock started retracing to MAs. Thought I might be able to reshort at MAs, but it never looked back.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-06 09:52:15 | AMBA | sell | $24.700 | short |
2013-12-06 10:26:05 | AMBA | buy | $23.700 | short |
2013-12-06 10:37:05 | AMBA | buy | $23.600 | short |
2013-12-06 10:48:05 | AMBA | buy | $23.700 | 0 |
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You nailed the entry and exits, nice job.