This is Gap Fade Play.
After the stock made a lower low it failed to get back above 81.00, with 80,98 offer holding. Got short when it broke down the consolidation, used t1/t2/t3 strategy for this trade, had my stop at 81,00 for the last lot but got out manually after the spike higher-big mistake.
Rule: For t1/t2/t3 strategy, the reason2cover is either my SL or Target, everything is fixed.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-28 10:05:06 | GILD | sell | $80.890 | short |
2014-01-28 10:05:43 | GILD | buy | $80.790 | short |
2014-01-28 10:05:47 | GILD | buy | $80.690 | short |
2014-01-28 10:09:19 | GILD | buy | $80.940 | 0 |
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