I felt like I was on a roll with shorts, so I scanned TC2000 for 4% breakdowns. I found this just as it looked like it was setting up for another bear flag. However, it had already dropped a couple of dimes below the MAs when I found it, so I chased.
I exited flat to take a better setup on PDCE.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-11 13:48:40 | JOY | sell | $52.850 | short |
2013-12-11 13:48:40 | JOY | sell | $52.850 | short |
2013-12-11 14:06:08 | JOY | buy | $52.910 | short |
2013-12-11 14:06:08 | JOY | buy | $52.910 | 0 |
This one's tough. Even the way I'm planning to play shorts now (i.e. shorting on failure of 9ema), I still would've gotten stopped out after my first scale out.
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Looked good, didn't fall, good stop.