Grade=D
P/L= -0.8R
Entry: long after a return to the support after a big spike. Really going against the grain on this one.
Result: stopped out. I went against this topping pattern simply because things were oversold and I was looking for another run to the upside. Highly unlikely after that big rejection that was just put in. Would have made a better short entry, even without the hindsight.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-12-09 10:54:40 | UWTI | buy | $5.080 | long |
2015-12-09 11:05:13 | UWTI | sell | $5.000 | 0 |
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