Broke the $10.50 support level so I took it short. My target was 10.01 so I definitely could have made more money on this trade but I'm pretty happy with it. As I've mentioned in previous trades, I need to use the MA as a tool to gauge trend and possible continuation of the move. So many times I've seen trades where the price action never even came close to violating the 9SMA until .20-.30c later. These are the type of trades that make your week.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-01 09:38:52 | ZIOP | sell | $10.410 | short |
2015-04-01 09:40:52 | ZIOP | buy | $10.300 | short |
2015-04-01 09:46:32 | ZIOP | buy | $10.060 | 0 |
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