Shorted right in this area for it had test the 20ema didn't break it and I though the continuing downtrend was going to keep going south. This wasn't a good trade but I did honor my stop. I nailed this guy though right after this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-15 12:49:42 | VEEV | sell | $29.240 | short |
2014-01-15 12:49:42 | VEEV | sell | $29.240 | short |
2014-01-15 12:49:42 | VEEV | sell | $29.250 | short |
2014-01-15 12:51:36 | VEEV | buy | $29.450 | short |
2014-01-15 12:51:36 | VEEV | buy | $29.450 | short |
2014-01-15 12:51:36 | VEEV | buy | $29.410 | 0 |
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This was not a good trade. Look at the previous move it just had. You have to catch the earlier move if you want to make good money. Stock is only going to down so much before it reverse, vice versa. This stock came from 33.50 down to 28.50. That's a $5 move.