Shared by
mirko_BOWS
Premarket gapper reaching the big resistance (50SMA) on the daily and started to fade out. Shorted on the flag breakdown once it got coiled under the MAs but the bounce came in so I covered once it crossed back above the MAs although my stop loss was not activated. Thought it will bounce back so I bailed out and missed the flush I was looking for afterwards.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-04-22 13:10:32 | SGMS | sell | $12.560 | short |
| 2014-04-22 13:10:34 | SGMS | sell | $12.560 | short |
| 2014-04-22 13:10:41 | SGMS | sell | $12.550 | short |
| 2014-04-22 13:10:43 | SGMS | sell | $12.560 | short |
| 2014-04-22 13:11:01 | SGMS | sell | $12.560 | short |
| 2014-04-22 13:42:30 | SGMS | buy | $12.600 | short |
| 2014-04-22 13:42:30 | SGMS | buy | $12.600 | short |
| 2014-04-22 13:42:30 | SGMS | buy | $12.600 | short |
| 2014-04-22 13:42:30 | SGMS | buy | $12.600 | short |
| 2014-04-22 13:42:30 | SGMS | buy | $12.610 | short |
| 2014-04-22 13:42:30 | SGMS | buy | $12.610 | 0 |
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