Bought on break of 5 min. high. No continuation. Was oversold on stochastics but not outside bollinger bands. Trend was down. Resistance was at 2.7. Bad trade but only lost $23.
If playing as a snapback it would have been better for it to go red first then buy on a red to green move.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-02-28 09:38:59 | YGE | buy | $2.640 | long |
2013-02-28 09:53:47 | YGE | sell | $2.630 | 0 |
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