Shared by
dlaw_trades
Feels good to finally score a bit on LABD!
Took a small try and it paid off big. Small bite less pressure.
Watched XBI for the trade. Watched the 2 minute chart. XBI gapped up right away and kept going so I thought I might have missed the action. Then it fell below the first moving average with was the VWAP. As it fell through the 9EMA I purchased 100. Sold it right away as it looked like it caught support. Bought 200 more as it fell through the rest of the intraday moving averages. I got out as it dumped just 15-20 minutes later for a nice gain. Watched as XBI climbed back up and found support on moving averages. Did not touch again. I felt like I finally traded LABD well and controlled. Don't be afraid to leave the exit and jump back in.
Be patient wait and see some candles develop.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-10-14 09:50:00 | LABD | buy | $52.650 | long |
| 2015-10-14 09:59:15 | LABD | sell | $52.920 | 0 |
| 2015-10-14 10:02:30 | LABD | buy | $53.799 | long |
| 2015-10-14 10:10:07 | LABD | buy | $53.740 | long |
| 2015-10-14 10:23:34 | LABD | sell | $56.630 | 0 |
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