Two trades. One a small -$7.70 loss. The other was a small $15.28 profit.
First trade: I entered because CVTI price pattern was similar today and it had just bounced so I expected LULU to bounce too. The bounce was on 15-minute chart. I was a little concerned though, because the price was under the 9EMA and 20SMA-s on 5-minute chart.On 30-minute chart the price was far away from 9EMA and it concerned me a little too. Besides it was noontime and I don't usually like to trade during noon. So as soon as the price went in the wrong direction, I exited the trade for a small loss. It wouldn't have touched my stop though so I should've stayed in.
Second trade: it was 1 p.m. and the price was not breaking down so I entered again. I made a small profit. My stop was at $50.50. For the other half I had set the stop at the buy price, but I sold when I saw the price started to come down.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-11 12:00:00 | LULU | buy | $50.750 | long |
2014-12-11 12:58:00 | LULU | sell | $50.610 | 0 |
2014-12-11 13:09:00 | LULU | buy | $50.950 | long |
2014-12-11 13:49:00 | LULU | sell | $51.380 | long |
2014-12-11 13:59:00 | LULU | sell | $51.070 | 0 |
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Price support..http://screencast.com/t/cEv8got1hqO