This trade was a mistake on several levels. First and foremost, I think I was hunting this stock because I missed the flip on my first long attempt. Technical mistake was taking an entry right at 9 EMA without realizing that I was watching the 1 minute chart. I was far from support on the 5 minute. Last mistake was letting it run anyway instead of simply covering straight away. Lost $12.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-16 10:37:07 | PLUG | sell | $3.620 | short |
2014-01-16 10:54:00 | PLUG | buy | $3.680 | 0 |
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Look how many times it flush. Easy money was over. Have to move on and find another stock to trade.