tried $ARRY again in the afternoon. thought it was going to go long. the consolidation that ended around 1pm seemed like it was breaking upwards and then began to flush. still wondering if there were signs that this was a better short play.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-23 13:22:41 | ARRY | buy | $4.650 | long |
2014-07-23 13:41:57 | ARRY | sell | $4.550 | 0 |
It was approaching a key resistance point on daily. $4.80. It fail twice to reach before you took the trade. That would have been a sign for me that it was not going anywhere.
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Summer trading, Try to less trading in afternoon.