Play: Flag
Formed a base and looked like it was going to go. When the amount of volume was coming in at 9.2 this was meant to be a real quick trade. When it failed, I just got out. Quick scalp play meant to work right away.
Reasons to sell: failed at key level with volume
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-08 11:12:47 | BIND | buy | $9.200 | long |
2015-01-08 11:14:05 | BIND | sell | $9.110 | 0 |
Nice! Glad one of us got it..I hesitated to get back in but in hindsight, it held the 9 area so the bulls were in control and should have followed you!
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I did this too but got right back in once it held.