Shared by
singham_BOWS
Daily: Gap up / extended
Intraday: Triple tap breakdown
First attempt at shorting a stock.
Entered when it broke support after tapping that area three earlier times, didn't notice that it was extended at the time, better entry would have been near MA's at 16.55.
Also made a mistake of exiting at the add spot, in hindsight, it was another dead cat bounce.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-07 13:00:05 | GTAT | sell | $17.420 | short |
| 2014-03-07 13:07:01 | GTAT | buy | $17.331 | short |
| 2014-03-07 13:24:02 | GTAT | buy | $17.475 | 0 |
Comments
Nape_BOWS
One setup you could have hit though is the double top pattern http://screencast.com/t/XpQgEM0lRnfo.. These are the two idea short setups that I see.
Sayed
Ideal entry was on that flag and 2nd 20 ema break 17.70 area.http://prntscr.com/2zb5u1
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Im not seeing a good short setup when I align the trade on multiple time frame. Tricky IMO.