AMD double topped, pulled to vwap and had a realtively weak bounce. The SPY was also very weak and my thesis was that AMD would take another leg down, and potentially test that 26.50 level again. I shorted at 27.22 and was basing my risk off the 27.40-27.50 area. I was right in my big picture idea, but added on the breakdown and was a little less patient, given my average was roughly 27.06. Could have definitely given this more room but in the heat of the moment I had a very emotional cover.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-08 10:39:08 | AMD | sell | $27.220 | short |
2018-10-08 10:54:17 | AMD | buy | $27.040 | short |
2018-10-08 10:57:13 | AMD | sell | $27.000 | short |
2018-10-08 11:00:29 | AMD | buy | $26.860 | short |
2018-10-08 11:07:33 | AMD | buy | $26.800 | short |
2018-10-08 11:10:57 | AMD | buy | $26.900 | 0 |
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