After yesterdays sell off a double bottom formed intraday.
This coincided with a bounce off the 15min 200ma
Went long at 28.54
Price hovered around for a while, usually in profit, but only just.
I thought about exiting but then remembered all of the trades that took off without me just after I exited for a minor gain.
Unfortunately this was not one of those times, at least not yet.
Exited with a small loss even though the double bottom had not been violated.
It may be the wrong move, but as the price was stagnant for a long time I should have exited earlier.
If it isn't moving there is no point being in it
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-28 11:07:07 | MAT | buy | $28.540 | long |
2015-04-28 11:07:07 | MAT | buy | $28.540 | long |
2015-04-28 12:02:43 | MAT | sell | $28.480 | long |
2015-04-28 12:02:43 | MAT | sell | $28.480 | 0 |
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