This thing was a runner all day. Thought I saw some weakness on the buy and thought it would would dump when it broke .50-it just nicked it and kept going. Stop too liberal, this was not a good entry-even if it were a SS considering risk.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-16 13:53:52 | FPRX | sell | $30.440 | short |
2015-10-16 14:06:30 | FPRX | buy | $30.840 | 0 |
yooo look at this grind down for 30 minutes from 31.2 to 30.5 with no rest
THAT IS THE BUY SPOT! stocks that grind slowly to support are orderly pullbacks those u buy.
kunal00 thanks for that advice! marking up my chart on this trade for my review this weekend!
not sure why you would short this where you did. i do not see weakness at the point you shorted.
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Good analysis. I remember Kunal teaching not to short strong stocks before the afternoon session. It's hard to go against the trend.