LEN Trade on Jan 9, 2020 10:09 from Defy: Tradervue User Stock Trades.

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Defy

 

Was still on the watchlist from 7th earnings. had good earnings so I still seen this pushing back to 60's but havent caught it recently in the right place.

I like the 58.50-58 level for the potential inflection point but there really hasnt been any great follow through. Had the right idea started in after to small wick candle on the minute then it did slip back below. I was prepared to take it off at 58.50 but buying came in and rallied back. I was confident this would move towards 59's after that confirmation. Not overall happy with the add but still put me in a good place.

Now looking back, I should have sold after that large wick into 58.90's. was looking for it to hold higher support when it came down around 58.60's which it did but then failed to rally back so I cut the position at 58.50's

happy about where I cut the position but of course could always be better. could have used the top of the last peak for an exit. will learn from this


Execution detail:

Date/time Symbol Side Price Position
2020-01-09 10:09:00 LEN buy $58.750 long
2020-01-09 10:19:00 LEN buy $58.790 long
2020-01-09 10:41:53 LEN sell $58.541 long
2020-01-09 10:42:29 LEN sell $58.484 0


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