I have been watching this stock (and trading) it the last several days and I noticed it likes to put a couple highs up in the morning, trap the longs, then fade back down the rest of the day. I was able to ride it down as it followed the same pattern it's been doing lately. The movement was easier to see on a 1 minute chart for me so I traded this from a 1 minute. I finally feel a little bit of pride from a trade, this was probably the largest move I've captured in my trading career so far!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-13 10:09:05 | ICLD | sell | $4.390 | short |
2015-05-13 11:04:15 | ICLD | buy | $4.000 | 0 |
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niceeeeeeeeee.. i would have liked 10 cents higher hte short..but still very good.