I had been watching INO for a daily range break as a long. When it gapped down today and ended up below the 20 DMA I decided to try and short this. It had been consolidating throughout the day, and as it broke down below MA support I shorted. I used prior several candle high and MA for stop. This thing gave me an amazing spike that took me out. I was very close to support, so I had a tight stop and losses were minimal.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-03 13:20:46 | INO | sell | $2.460 | short |
2014-02-03 13:22:02 | INO | buy | $2.490 | 0 |
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