Shared by
Defy
I was searching for some links betwen the war and stocks and came across two Steel and Iron companies.
MTL was already up 49% on the day, and we were sitting right around noon. not the best time to be looking to take a position.
it was holding support around 2.85 and with the recent Iran news, it made sense that we were seeing a push.
Thought there could be a test back to highs but if no volume came in then this would most likely be done.
Ended up holding but never pushing to highs. I didnt use a stop limit, written limit was half position off holding at 2.80 as resistence. it did go under briefly but then pushed back fast where I ended up selling into too.
looking back I went into this to fast, dont like the risk reward
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-06 12:23:24 | MTL | buy | $2.946 | long |
| 2020-01-06 12:27:14 | MTL | buy | $2.899 | long |
| 2020-01-06 12:40:29 | MTL | sell | $2.936 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!