Shorted RSH towards the end of the day when the bear flag broke down. Since there was very low volume on this trade, it did not do much in the last few minutes. Still holding overnight with a stop loss at 2.31 which is a little over the 50 MA resistance. Hoping for a gap down at the open and selling it right away if that happens.
Covered it today at different times. Lesson - Do not enter a trade with low volume.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-04 15:40:06 | RSH | sell | $2.260 | short |
2014-03-05 10:59:06 | RSH | buy | $2.200 | short |
2014-03-05 12:22:45 | RSH | buy | $2.180 | short |
2014-03-05 15:32:56 | RSH | buy | $2.160 | 0 |
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