Back from lunch, clear mind and ready to trade. Look at the chart and see it pulling back from a high spot. I love to short and it's ready to fail. 500 shares short at $37.14 - felt like I missed it as I was putting in my order so kept a tight cover but it never pulled back over $37 so I then used my 9 & 20ema's to follow this one down covering half into the first area of support and then 2nd half on the bounce. Re-shorted another 500 when it traded sideways figuring again I'd keep a tight stop and if it failed to hold than it was going to break below $34.60 and then it had a lot more room to fall. It did exactly that. Love this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-06 14:30:05 | CSIQ | sell | $37.140 | short |
2014-02-06 14:48:35 | CSIQ | buy | $36.720 | short |
2014-02-06 14:54:59 | CSIQ | buy | $36.880 | 0 |
2014-02-06 14:56:08 | CSIQ | sell | $36.790 | short |
2014-02-06 15:17:19 | CSIQ | buy | $36.600 | short |
2014-02-06 15:23:47 | CSIQ | buy | $36.430 | short |
2014-02-06 15:31:04 | CSIQ | buy | $36.410 | 0 |
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Nice work.