Big gap down so I was looking at this as a quick scalp as I was going long on such a strong move down. When it broke over and held the VWAP in the morning I figured it would run back to the 9 EMA which at the time was around $68. Once it came out of range, I bought in as I wanted solid confirmation so I chased a little bit. It ended up pulling back to the 9, which was also the high of the day. I was surprised to see it blow past that so I left a little on the table but I played it how I was intending so I think it was a solid trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-29 10:00:22 | TGI | buy | $65.680 | long |
2014-01-29 10:07:03 | TGI | sell | $66.880 | long |
2014-01-29 10:12:05 | TGI | sell | $67.000 | long |
2014-01-29 10:14:41 | TGI | sell | $67.380 | 0 |
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