**Shorted EBAY on the gap up on news. I knew the market was weak and EBAY had gapped up like 10%. I had a bias to the short side, but created Game Plans for long scenarios as well. When EBAY gapped down on the open I was looking for a hold below 34.22 and entered as we got below that range bottom. I was wicked out, but reentered lower at 34.10. With a stop above the range around 34.26. EBAY continued to sell through 34 and my target was 33.5. I should have added on the retest at 34. I waited patiently for the drop into 33.5 support and exited when I saw buyers show up. I executed part 2 of my Game Plan very well. Definitely should have considered a long for a quick 20 cent scalp off the support.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-22 09:34:32 | EBAY | sell | $34.200 | short |
2019-01-22 09:34:46 | EBAY | buy | $34.300 | 0 |
2019-01-22 09:35:25 | EBAY | sell | $34.100 | short |
2019-01-22 09:45:00 | EBAY | buy | $33.530 | 0 |
2019-01-22 10:12:39 | EBAY | sell | $33.580 | short |
2019-01-22 10:16:26 | EBAY | buy | $33.710 | 0 |
2019-01-22 10:30:26 | EBAY | sell | $33.500 | short |
2019-01-22 10:56:12 | EBAY | buy | $33.390 | 0 |
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