This was a triple tap breakdown starting from the previous day.
I didn't want to take the trade in the first two candles because there was so much movement. When it held the MAs on the by the third candle, I shorted it. I shorted it where the top red diamond is but it only filled a handful of shares and then filled the rest 50 cents lower, so I took out a handful of shares to minimize the risk if I ended up losing.
That cost me quite a few dollars, but it was still profitable!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-30 09:43:05 | GOOG | sell | $525.820 | short |
2014-04-30 09:43:06 | GOOG | sell | $525.330 | short |
2014-04-30 09:44:06 | GOOG | buy | $525.740 | short |
2014-04-30 09:44:06 | GOOG | buy | $525.740 | short |
2014-04-30 09:56:03 | GOOG | buy | $523.340 | short |
2014-04-30 10:19:04 | GOOG | buy | $525.070 | 0 |
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Nice job on entry. First cover was to early and like you said, let them last few shares get away.