Shared by
Jquek
saw it consolidate downwards at 43.50, waited for the break and shorted it. Got faked out by the bounce up, and it continued down.
shorted it again and let it bounce and try the bottom again, failing to hit 42.5 which signified the end of trend for me, and I covered.
Position Maximum Favorable Excursion vs Maximum Adverse Excursion ratio of 4:1,which is decent.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-06 10:23:57 | SFLY | sell | $43.480 | short |
| 2014-02-06 10:24:00 | SFLY | sell | $43.481 | short |
| 2014-02-06 10:30:00 | SFLY | buy | $43.368 | short |
| 2014-02-06 10:30:22 | SFLY | buy | $43.350 | 0 |
| 2014-02-06 10:34:00 | SFLY | sell | $43.010 | short |
| 2014-02-06 10:34:00 | SFLY | sell | $43.010 | short |
| 2014-02-06 10:34:00 | SFLY | sell | $43.010 | short |
| 2014-02-06 10:42:28 | SFLY | sell | $42.960 | short |
| 2014-02-06 11:05:00 | SFLY | buy | $42.687 | short |
| 2014-02-06 11:05:00 | SFLY | buy | $42.681 | short |
| 2014-02-06 11:05:49 | SFLY | buy | $42.760 | 0 |
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