Continuation short that had some upward movement, but then starting tanking
Looking for it to break the 47.50 support
Short 1k @ 47.51. Stop 47.64. Max Lost $130.
No go, was looking for 47.35 to cover half, it almost hit it, but didnt
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-26 14:27:55 | KMX | sell | $47.510 | short |
2013-12-26 15:45:49 | KMX | buy | $47.500 | 0 |
That advice has helped me so much Sayed with looking to match up a bounce/pullback to the support/resistance area when it coincides with the MA's.
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Bit late on that entry. Try stay close to 20 EMA