Got wicked out on my stop
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-14 11:03:16 | LOGM | sell | $41.510 | short |
2014-02-14 11:09:10 | LOGM | buy | $41.740 | 0 |
I didn't think about the round $ numbers for shorts - I will add things to remember. Thanks
Also, just above 41 was another support area, so your downside potential when entering where you did, would have been limited. you also had the VWAP right below your entry - like only 20cents away, which would provide support. Once it broke below the VWAP and 20ma, that would have been a good entry area.
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$42/41.99 was idea entry. Remember those round number are pretty powerful it they break.