So, after unsucessful first atempt going long and then even worse attempt with going short I finally nailed it at double bottom play. Covered into the spike (first at the previous spike, then some at the next resistance) although I had no reason to do so but I just though it will hardly bounce more in this market which was a huge mistake.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-16 13:17:21 | ITMN | buy | $33.280 | long |
2014-05-16 13:17:32 | ITMN | buy | $33.290 | long |
2014-05-16 13:17:36 | ITMN | buy | $33.280 | long |
2014-05-16 13:17:36 | ITMN | buy | $33.280 | long |
2014-05-16 13:17:36 | ITMN | buy | $33.280 | long |
2014-05-16 13:19:07 | ITMN | sell | $33.430 | long |
2014-05-16 13:19:07 | ITMN | sell | $33.430 | long |
2014-05-16 13:23:20 | ITMN | sell | $33.550 | long |
2014-05-16 13:23:56 | ITMN | sell | $33.580 | long |
2014-05-16 13:41:50 | ITMN | sell | $33.745 | long |
2014-05-16 13:41:50 | ITMN | sell | $33.745 | 0 |
nice play. but it looks like a double bottom not a 1,2,3. as it hit 33.08 perfectly twice.
anyway, its all about the end result, win win win.......
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Great entry, but like you said no reason to sell all shares.