Only one trade taken today, but it was a very good trade. I had a support line drawn at 81.77 from january 14th of this year. I am starting to learn that I need to be patient when the price is approaching a support or resistance line, and see if the price is actually acknowledging the key level or not. after I saw the break of the level I looked for a bounce short opportunity. The first 1 minute candle to return the level broke it, but closed underneath. I took a short position at 81.78 with around 20 cents of risk. The move was very large and I captured a good part of it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-24 09:40:11 | EHTH | sell | $81.780 | short |
2020-07-24 09:40:22 | EHTH | sell | $80.430 | short |
2020-07-24 09:40:25 | EHTH | buy | $80.010 | short |
2020-07-24 09:40:28 | EHTH | buy | $80.005 | short |
2020-07-24 09:40:28 | EHTH | buy | $80.005 | 0 |
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