Had this on my rader. It was a kunal alert, but he got a bad entry. I wanted to wait until it tapped the 9ema. I took it a little ahead of it.
Short -500 @ 10.30. Stop 10.51. Max lost $105.
I readd it perfectly on the 9ema tap. This time I hit it a little harder as the 9ema was not there
Short -750 more (1000) @ 9.85. Stop 10.00. Max lost $150.
I double my position just before 10, thinking it would, fade. I am torn it this was the right move. risk 2 cents more ($40). I believe I did. Sadly it didn't work out.
I had a chance to cover the second readd flat, I should've taken it as the stock was making higher lows for 45 minutes.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-17 10:16:21 | RMTI | sell | $10.300 | short |
2013-12-17 10:30:20 | RMTI | buy | $9.950 | short |
2013-12-17 11:12:21 | RMTI | sell | $9.850 | short |
2013-12-17 11:39:40 | RMTI | sell | $9.980 | short |
2013-12-17 11:41:50 | RMTI | buy | $10.000 | 0 |
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