I was really patience this time in trying the bounce as I got 3 failed attempts yesterday.
I tried 124 as I saw the price was above SMAs on both the 2 min and 5 min chart that I use, meaning the probability of 123.40 as being the bottom was higher.
Review
I believe my entry was right but I was a bit lucky with my risk, as my real stop should have been 123.56 instead of 123.70, as I was playing a higher high trend instead momentum. Perhaps next time, I can lower my share size and add once it acts much better or breaks on momentum.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-06 10:30:12 | AAPL | buy | $124.050 | long |
2015-05-06 10:46:36 | AAPL | sell | $124.950 | 0 |
2015-05-06 11:38:07 | AAPL | buy | $125.240 | long |
2015-05-06 11:41:31 | AAPL | sell | $125.340 | long |
2015-05-06 11:43:09 | AAPL | sell | $125.270 | 0 |
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whoa very nice.. good job being patient and waiting for the bottom to be put in!