Re-shorted when bounce couldn't hold above 9ema. Added an additional batch when it tested ema and faded. Sold 1/2 and lowered stop to buy price. Sold remaining when I thought it had bottomed around $71
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-25 11:28:18 | FSLR | sell | $71.977 | short |
2014-03-25 11:30:30 | FSLR | sell | $72.050 | short |
2014-03-25 11:34:51 | FSLR | buy | $71.430 | short |
2014-03-25 11:46:26 | FSLR | buy | $71.020 | 0 |
Don't see why you thought it would bottom @ 71, sure its a whole number, sure it will bounce a little, maybe all the way to the 9ema, but there was no support on the intraday or daily that would suggest it would stop @ 71. I would've cover 1/4 there though.
Everything else you did was perfect, first entry, readd, reason for readd, first cover.
Thanks for the feedback Nape/Tyler. Seeing trades from the perspective of traders who know their game is really helpful. Appreciate it.
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Nice play!