Shorted STZ as a bit of a chase; it appeared to be making a lower high but I did not fight for price while it was tight risk (risking off 158.01). I really like when stocks put in a perfectly whole number like 158.00 because that adds conviction that it was the HOD. This trade had instant resolution, but since I was risking about a point, I did not take partials at 2R since that was 2 points away. Had I gotten in at say 157.5, I would have been taking partials on the wash and stopped out for a small green / scratch. there was a bit of splippage on the exit. While this was a stock in play, I was not a huge fan of the way this stock traded.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-09 10:31:30 | STZ | sell | $157.130 | short |
2019-01-09 10:35:34 | STZ | buy | $158.260 | 0 |
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