JNUG has been on watch as gold has been trying to bottom and bounce out of the recent daily range. $4.4 - .5 was an area this stock needed to clear in order to follow through. I saw the spike first thing and waited for the tight downward channel to form and start to break. I then entered with a stop through the previous low. It was to early, I should have waited for confirmation either higher, or the movement back in to the range after I got stopped to purchase. I understand both of those plays better, the entry suits my style. It worked out over the course of the day but I leave for work so dont have the afternoon.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-17 11:34:23 | JNUG | buy | $4.410 | long |
2014-11-17 11:34:24 | JNUG | buy | $4.410 | long |
2014-11-17 11:34:24 | JNUG | buy | $4.410 | long |
2014-11-17 11:48:12 | JNUG | sell | $4.323 | long |
2014-11-17 11:48:12 | JNUG | sell | $4.322 | long |
2014-11-17 11:48:12 | JNUG | sell | $4.323 | long |
2014-11-17 11:48:12 | JNUG | sell | $4.325 | long |
2014-11-17 11:48:12 | JNUG | sell | $4.325 | 0 |
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