Nothing to brag about. Just a day that I couldn't get .30-.50 cent runs.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-01 13:31:09 | VLTC | buy | $10.226 | long |
2015-05-01 13:31:09 | VLTC | buy | $10.236 | long |
2015-05-01 13:31:09 | VLTC | buy | $10.210 | long |
2015-05-01 13:36:49 | VLTC | sell | $10.330 | 0 |
Because it had started going sideways just a few minutes prior and at the point I went in long (countertrade) the 9SMA had just crossed over the 20SMA and the stock was trading above the 9SMA, which is usually a sign of strength even in a downtrending stock. Yes risky, only for a scalp. Not to hold for long, but you're right. Should have been shorting it.
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This stock had been bear flagging all day... Why were you going long??