Perfect buy on an oversold stock setting up to snap back. The entry had a very tight stop and good reward if it worked. I sold the first portion at the $3 resistance. The initial plan was to see how it reacted at $3 and react but I was late to get the first sell. On the next quick push I sold when it didnt take off over $3. I dont like this sell because I needed to commit to selling partial or waiting for what should be a larger move in my head I was stuck in between. The stock then reacted up and I sold the remainder at the next resistance area. I was not left with any shares and the stock continued to push. The sells were okay it was a positive trade and I will work on fine tuning.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-17 11:05:37 | RUSL | buy | $2.880 | long |
2014-12-17 11:25:59 | RUSL | sell | $3.010 | long |
2014-12-17 11:45:23 | RUSL | sell | $3.152 | 0 |
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