Premarket gapper and continuation play from day before. Had a nice runup in the morning but then became overextended intraday not being able to break the HOD. When it crossed below the 9EMA I shorted on the mini flag breakdown and covered some into the tank to the the 20EMA on the 30min chart.
Got stopped out on the dead cat bounce for a penny since I moved my stop loss a bit early to the entry point and left some more profit on the table. Could have reshorted it on the dead cat bounce.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-24 14:38:44 | INO | sell | $3.780 | short |
2014-02-24 14:41:05 | INO | buy | $3.690 | short |
2014-02-24 14:41:06 | INO | buy | $3.700 | short |
2014-02-24 14:41:06 | INO | buy | $3.700 | short |
2014-02-24 14:41:06 | INO | buy | $3.700 | short |
2014-02-24 14:45:00 | INO | buy | $3.700 | short |
2014-02-24 14:45:00 | INO | buy | $3.699 | short |
2014-02-24 14:58:22 | INO | buy | $3.780 | 0 |
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Nice. I also shorted this around this time. Great minds think alike!