I had PLUG on my watch from yesterday as a possible quick scalp short. I caught it intraday near the HOD, but far from support on the 5 minute chart. As such, I set my stop quickly. I really wanted this as I thought that for sure it would flush, but it kept stopping me out. I kept hammering away and hit it three times. Total loss of $10.97. Looking back, I should have set my initial stop at HOD and let it ride.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-08 11:02:24 | PLUG | sell | $4.700 | short |
2014-01-08 11:09:32 | PLUG | buy | $4.800 | 0 |
2014-01-08 11:18:31 | PLUG | sell | $4.710 | short |
2014-01-08 11:33:46 | PLUG | buy | $4.750 | 0 |
2014-01-08 11:45:02 | PLUG | sell | $4.630 | short |
2014-01-08 12:25:41 | PLUG | buy | $4.600 | 0 |
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