Overbought on the daily chart, I shorted it after it broke the moving averages with a big price drop (at 1:30PM CST on a 5 -min candle), I had a small position on a 1:40 candle as I am still practicing...btw, this was Kunal's pick! Awesome!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-09 14:41:31 | CONN | sell | $24.520 | short |
2015-02-09 14:41:50 | CONN | sell | $24.520 | short |
2015-02-09 14:41:50 | CONN | sell | $24.510 | short |
2015-02-09 14:45:47 | CONN | buy | $24.310 | short |
2015-02-09 14:45:49 | CONN | buy | $24.310 | short |
2015-02-09 14:45:49 | CONN | buy | $24.310 | 0 |
You are absolutely right. I agree that I need to set some rules on when to sell, and let my runners run longer...thanks for the comment
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Solid entry, Try to look for a technical reason to sell. Have rules to sell, just like you have rules to buy.