First live trade of 2014. Was anticipating the breakdown at 16.53. I was too slow exiting the trade (I gave the trade some room to gyrate, but cut it after the price started accelerating )
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-27 14:05:28 | KERX | sell | $16.550 | short |
2014-03-27 14:10:12 | KERX | buy | $16.690 | 0 |
Thanks for the advice bro. I saw that initially when I put it on my watch list last night. When it made a lower high (couldn't get to 17), and went through 16.70s and 60s I said that a short would be possible. But you are right all the way!
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Always consider the price resistance on the daily chart...http://screencast.com/t/CI9YZ8WFJf