Shared by
Constantine_BOWS
Bought for trend continuation and pullback from 9EMA. May be there is not so much room there, the support level would be at 50DMA. Well, may be it would be some kind of scalp trade with a low risk at about 6.72. Risk/reward 1/3. But if it break a key level, it could fly.
I added more after it pulled back diper. Let's see if it breaks a $7 level.
Well, I saw a 1-2-3 figure here, so I decided to short this position. It is a little bit risky to sell it at this point, but the risk is small, only 10 cents. Well, moved my stop to days high.
It was a bad-bad idea to extend my stop loss and reverse my position. What I've done?
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-12-02 11:02:34 | OZM | buy | $6.850 | long |
| 2015-12-02 11:21:57 | OZM | buy | $6.870 | long |
| 2015-12-02 11:50:38 | OZM | sell | $6.720 | 0 |
| 2015-12-02 12:51:42 | OZM | sell | $6.790 | short |
| 2015-12-02 13:48:35 | OZM | buy | $6.960 | 0 |
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Needed a deeper pull back. 9 EMA was too close from high.