This was intended as a play of the bounce off of the area where the gap started. It had a nice RelVol signal at the pullback low. However, the market was weak, and this stock was weak, and so this didn't match any of my trading plan, and I should have passed for that reason. If this setup had happened on a strong stock on a strong market day, it would have been great. As it is, I'm glad it stopped out so I'll learn the lesson and follow my plan.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-11-21 11:00:01 | AMAT | buy | $57.630 | long |
2019-11-21 11:03:57 | AMAT | buy | $57.710 | long |
2019-11-21 11:22:33 | AMAT | sell | $57.420 | long |
2019-11-21 11:22:33 | AMAT | sell | $57.420 | 0 |
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