I was watching GLOG for a rubber band snapback. When it broke below EMA support I shorted with a stop at 19.55 using the opening price for support. This did end up dropping, but I let it bounce while hoping that it would drop to 19. Had I been patient enough to hold this all day, it did eventually get pretty close. As it was I was uncomfortable with the bounce back towards EMA, so I exited for a small gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-21 10:40:21 | GLOG | sell | $19.440 | short |
2014-01-21 11:30:45 | GLOG | buy | $19.320 | 0 |
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