this position was a long position i got into. As it bounced off the 9 EMA my expectation of this stock that i wanted to see if it was going to go higher for the day. However, it end up as a failing pattern
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-15 09:42:33 | USO | buy | $14.520 | long |
2015-09-15 10:05:23 | USO | sell | $14.560 | 0 |
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Not bad. It looks like if you had your stop under the LOD and position size calculated accordingly, you should've had a good 2R return on the spike. You could've sold a part of your position there, I think. That's how I usually do.