Preempted this. was looking for the break below 7.50. shorted at 7.51.
Initial stop was 7.65 - a bit too much room.
Most times I anticipate trades before a technical confirmation, I lose money.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-21 10:03:30 | INFN | sell | $7.518 | short |
2014-01-21 10:15:44 | INFN | buy | $7.680 | 0 |
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Tough short IMO as the daily chart is oversold.