Two trades. First one was a -$17.50 loss and second one was $29.75 profit.
First trade: it looked like it was bouncing on the 9EMA on the 5-minute chart and so I bought. When it continued dropping, I exited early at $6.59 before my stop was hit. The stop was at $6.56.
Second trade: the price started to bounce at the price support, 20SMA on 5-minute chart and 9EMA on the 10- and 15-minute charts. I scaled out, because I wanted to get at least $25 out of this trade and no less (in case it drops).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-05 10:00:00 | SIMG | buy | $6.660 | long |
2014-12-05 10:02:00 | SIMG | sell | $6.590 | 0 |
2014-12-05 10:27:00 | SIMG | buy | $6.600 | long |
2014-12-05 10:35:00 | SIMG | sell | $6.700 | long |
2014-12-05 10:36:00 | SIMG | sell | $6.670 | 0 |
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This is what I mean when I say let the stock bottom first when trying to play the pullback. On your second entry you played it perfectly..http://screencast.com/t/1dTcRHxTF