Started with a short when it began to flatten out after missing the top. Had a very tight stop b/c it looked like it still had room to run higher. Re-shorted at $8.13 for 500 and added when I had confirmation that it was going to tank. Covered into the fall and bounce.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-07 11:08:05 | ARIA | sell | $7.810 | short |
2014-02-07 11:10:23 | ARIA | buy | $7.830 | 0 |
2014-02-07 11:48:13 | ARIA | sell | $8.130 | short |
2014-02-07 11:49:04 | ARIA | sell | $8.100 | short |
2014-02-07 11:57:53 | ARIA | buy | $7.990 | short |
2014-02-07 12:01:25 | ARIA | buy | $7.990 | 0 |
I was looking at it being oversold and too extended when I took my short position. I see what you mean about no setup at this level. Great feedback!
setup or not on the Daily Chart...the second trade was a real nice scalp. it didn't care what the Daily chart looked liked
lol....to be technical the 1 min chart shows a head shoulder forming and I shorted on the neckline covering into the right shoulder
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too early to short its having its first bounce day and there was no setup at that level i can see