I was bottom picking.
No support, just bottom picking. I got stopped out by trap candle and that was actually perfect place to buy.
If I waited 30 more minutes, I would have a set up.
Higher low and multiple waves down. I made this a good trade on ABX as it has the same pattern and cheaper stock. As this burnt me, I wanted to go with cheaper stock.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-29 11:52:00 | NUGT | buy | $112.520 | long |
2016-04-29 11:55:00 | NUGT | sell | $111.720 | 0 |
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