Looking for a run off the 30 min chart. When couldn't get over opening drive high took off for tiny gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-07 09:30:22 | GPRO | buy | $42.520 | long |
2014-07-07 09:32:14 | GPRO | sell | $42.700 | 0 |
Previous day close completed the gapfill. This thing is highly liquid and full of momo. Daily had tiny P/B so was long biased.
My main decision was the premarket moves so i jumped in as buyers soaked up supply at 42.25. I expected this to move much higher but started to roll so took off. I consider this trade a loser as plan didn't work out.
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nice entry! How did you see that?