Pullback bear on 2min shorted and stop at the trend line. scaled out and all out at $46 Thought it was too extended. It had a $7 move already. Looked back at this and I was like holy crap! Biggest move I've ever seen!
Execution detail:
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Yeah, it can be tough. On one-hand I can hear the voice in my head saying, "use common sense! Stocks already down more than 30%". But on the other I say, "Must have reason to exit". One of my reasons IS because stock is extended, but for my last shares (lottos, or whatever) I require a trend reversal of some form. Even if you had a rule such as, "exit last shares when nearest EMA is broken for the first time", then you'd have gotten another 9 bucks. Always a tough call.
Great trade.