shorted into the breakdown to lower lows following the consolidation. Didnt work out as i hoped for. Covered partial and then the rest hit my stop at my buy price
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-07 12:59:43 | ZU | sell | $31.710 | short |
2014-05-07 13:08:48 | ZU | buy | $31.150 | short |
2014-05-07 13:42:38 | ZU | buy | $31.723 | 0 |
Yeah Nape you're right I figured since it had tapped 3 times at the bottom it would crash harder.
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Stock gave multiple setup to short it earlier. After the 3rd and 4th setup, the play will not give you as much gains as the earlier plays.