Correcting my long mistake, I this time correctly shorted 100 shares of at $86.39 and held as it fell to my target of 80 cents. I should have played the chart not my target as this one continued lower and I didn't have the guts this time to reshort after being burned from my earlier attempts to reshort and ended up giving back profits. Still a nice trade as I was out at $85.59 and +$80.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-04 12:45:33 | TRIP | sell | $86.390 | short |
2014-04-04 12:52:15 | TRIP | buy | $85.590 | 0 |
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Nice entry. Ride the trend down next time.