Stock gapped down big and then popped at the open. Pulled back a bit after four green candles so followed Kunal into this on e with a stop at HOD hoping the fade would start. Hope is not a strategy. On review I wonder why we would short into such strength and volume. It popped and stopped us out. He hit it again a few minutes later after it showed some weakness and got a nice drop out of it but it bounced again and didn't fully crack until 1pm.
R/R 2/1
-1R
-.5%
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-20 09:54:13 | CONN | sell | $37.790 | short |
2014-02-20 09:59:25 | CONN | buy | $38.170 | 0 |
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