Shared by
chrisconnelly3
saw 40 was a key level on the daily and since there was nothing but fake breakouts all over the place today i thought to try my luck at catching one of these breakdowns short after a failed multitap bo for a sort of box trade., it worked perfectly for 250 shares until the 20ema caught up with it and then it bounced a bit and then faded back to my 39.50 target... i had the right idea, just got caught in a little squeeze and it could have faded a bit more under 39.50 and that would have been cool.. oh well prob shouldnt have taken the trade -$50
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-14 13:43:38 | CSIQ | sell | $39.930 | short |
| 2014-01-14 13:44:10 | CSIQ | sell | $39.930 | short |
| 2014-01-14 13:44:11 | CSIQ | sell | $39.939 | short |
| 2014-01-14 14:37:41 | CSIQ | buy | $40.130 | short |
| 2014-01-14 14:37:41 | CSIQ | buy | $40.130 | 0 |
Comments
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I like your thought process with this one even though it didn't pan out. I tried something similar w/ $LULU today and got caught a couple times trying to play the box trade's.