TRADE 49
I went long after the break of the Bull Flag at $27.94 at 10:13AM, risking to $27.40, The price could not really go through the R2 which was the round $28.00 level. I knew that the $28.00 is a important level and I should not enter the trade below that level. And when I look at the Daily Chart I see that the $28.50 is even a bigger level and with that in mind it was not the best risk/reward play. After signs of weakness and when I saw that the price could not go through that level I sold at 10:18AM. That was a good decision.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-22 10:13:01 | M | buy | $27.940 | long |
2022-02-22 10:13:01 | M | buy | $27.930 | long |
2022-02-22 10:18:24 | M | sell | $27.870 | 0 |
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