OPEN OF TRADE took this short trade because the price is under a resistance level at 4.50. It has a strong move down over the past 10 days. I believe it can go to 3.00 which is next level of support. stop lost is 5.00.
Close of Trade.
came out of the trade due to the action on Friday. I believe it is still a good short and will be going back in on Monday if the stock goes back to my entry. 4.43. have to work on keeping the trades longer sticking to the 5.00 stop lost.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-08-02 15:38:11 | CHK | sell | $4.430 | short |
2018-08-03 15:17:47 | CHK | buy | $4.485 | 0 |
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Nice trade. I hope it works out for you.