This was a trade mistake. Short 100 shares WAY TOO LATE, trying again to see if it could crack below $67, so I shorted at $67.01 and put a very tight buy order at $67.10 was filled 12 seconds later when it bounced up. Ya, dumb trade, just glad I kept my stop there. Out -$9
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-04 09:46:09 | YELP | sell | $67.010 | short |
2014-04-04 09:46:21 | YELP | buy | $67.100 | 0 |
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The dead cat bounce was the perfect opportunity to jump back in. keep them momo plays on radar at all times.