Shorted after the initial rollover, it broke the 9ema and ran back up to tap 9ema,I bought set the stop 9.50 at the inital break. It flushed quick and came back up, I sold for a little profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-24 13:40:10 | ARIA | sell | $9.340 | short |
2014-01-24 13:57:31 | ARIA | buy | $9.240 | 0 |
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Nice entry. Just needed to cover some into the flush. When you get into a trade and it makes a move like that quickly, go ahead and cover half your shares, because it can easily come back as quickly as it went.