the first time I got in I thought it was going to have support on the 20ma, then I was wrong but it caught support on the 50ma pullback and scalped for the profits
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-17 12:15:31 | BLUE | buy | $87.480 | long |
2014-12-17 12:22:45 | BLUE | sell | $87.360 | 0 |
2014-12-17 12:31:13 | BLUE | buy | $86.760 | long |
2014-12-17 14:06:31 | BLUE | sell | $88.190 | long |
2014-12-17 14:30:48 | BLUE | sell | $87.770 | long |
2014-12-17 14:41:06 | BLUE | sell | $87.390 | 0 |
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Have to let it put in a bottom first. Trying to catch a falling knife is asking to get cut up.
Better entry on the second buy, by letting the stock put in a bottom first. You should always give it a couple of candles once the bottom is put in to be certain.