I was watching CTIC as it was in play yesterday. When this started to look weak, I waited for a short entry. When it broke VWAP support and LOD I shorted. I set my stop right over the top of the breakdown candle at 3.51. This didn't drop as much as I expected. I covered half when it hit some resistance at 3.30, and then lowered my stop on the rest.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-28 09:49:57 | CTIC | sell | $3.440 | short |
2014-01-28 10:26:39 | CTIC | buy | $3.300 | short |
2014-01-28 10:33:25 | CTIC | buy | $3.400 | 0 |
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