I was watching this for a snap back from being overextended on the daily. This opened kind of all over the place. The candles would dip quite far and then pull back up leaving long lower wicks. This indicated to me that there was buying pressure every time a sell off happened. This should have pushed me away, but I persevered. My first short was a little extended, so I went half a position. It pulled back up and I stopped out. When it seemed to have a calm candle closer to support I shorted again this time with a full position. I covered a third at previous LOD, and set my stop at my buy point. This bounced back to my stop, and the loss on the first basically put me flat on this.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-10 09:38:19 | LVLT | sell | $36.570 | short |
2014-02-10 09:39:16 | LVLT | buy | $36.760 | 0 |
2014-02-10 09:49:06 | LVLT | sell | $36.640 | short |
2014-02-10 10:10:35 | LVLT | buy | $36.420 | short |
2014-02-10 11:18:45 | LVLT | buy | $36.640 | 0 |
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