$Spy selling off and broke some short term support giving me a bearish outlook. I saw $CSIQ hit some resistance on the daily so I scalped the first pullback to the moving averages. Very simple setup, one I find I have been doing a lot lately. Still keeping position size small but I probably could have gone in bigger since I had small risk and a tight stop. I want to practice getting large gains with small risk. My target was around 32.25 and it came close but this is only the first tap on that resistance, I will be watching this for a possible triple tapper break down towards the end of the day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-08 10:09:05 | CSIQ | sell | $32.790 | short |
2015-06-08 10:32:15 | CSIQ | buy | $32.420 | 0 |
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