Stock gapped down on negative earnings on Friday and has been on a very nice downtrend since. I am hoping to get one or two more days out of this stock before it bounces or rests. I was watching for a green to red move but it began flushing right at the open. I waited for the stock to bounce and pullback to a resistance point. The 20 EMA held as resistance and I entered in a short at 44.39. I scaled out while riding the down trend. I should have kept some lotto shares until the stock reached a more noticeable support level as it did at 43.04. I miscalculated on the next pullback with a poor entry at 43.47. I then botched my stop-loss putting it right on price resistance at 43.89. I re-shorted as resistance held and scaled out during the next down trend. Another short probably could have been taken as price support at the 42.60 area was broken.
Execution detail:
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