Trade Recap 6/21/2012
Shorted some MITK into the morning spike at 4.60, but it was holding up so I covered at 4.60 for scratch. I reshorted at 4.46 on the lower high, with a stop above the highs, and got stopped out on the second spike later on. I’m actually going to stop shorting morning spikes on a “lower high” signal, because I’ve found it’s not profitable for me from my accumulation of trade statistics on that pattern. I did reshort it again on the afternoon fade at 4.46, and covered at 4.23.