Not sure there a real set up here. My thought was that there would be a follow through downturn for gold and JDST would have a bounce because of it. I gave myself a 50 cent stop just in case but it worked out ok. I didn't see the real follow through so I covered the whole position up a point.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-20 09:32:44 | JDST | buy | $15.500 | long |
2014-11-20 10:40:15 | JDST | sell | $16.550 | 0 |
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No setup there. You held this stock to long. you was down almost a $1 on this trade at one point.