I was setting up for a short / afternoon flush as this had been on watchlist for many reasons for the day. Last night I put it on my list as it was having an earnings announcement today, oversold stochastics, and had a 20 dma bounce potential. In the morning I found it on the premarket top losers and decided to watch it for a short. I had to take my daughters to school so I didn't catch the big opening range breakdown but I thought I would try a little bit later in the day for a quick short. The MAs were above it and it didn't seem to be able to break resistance so I entered for the short. This broke (gapped) the opposite I thought it was going to go.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-04 14:45:24 | CMGE | sell | $32.455 | short |
2014-03-04 14:51:07 | CMGE | buy | $32.763 | 0 |
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