Hmmm, not sure if this is a valid setup in retrospect but here was my thinking...
LAKE was strong yesterday, when it gapped down today, I waited it to clear it's opening high then entered. Maybe could've taken a partial on the spike, but was looking at KLAC and missed it.
Stop was initially under the 5 minute entry bar, but the 9:45 spike and fade,and seemingly not able to move above 11.80, I just closed it
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-28 09:41:38 | LAKE | buy | $11.810 | long |
2014-11-28 10:05:12 | LAKE | sell | $11.770 | 0 |
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