Another fun bucks trade.. small size of course since I knew I had to overnight this. Got in on 12/17 when it was pulling pretty hard from 9.40s down to 8.40s Seemed to be holding at that level, so I took a tiny partial size for fun looking for a bounce.
It went a bit lower to 8.10 towards the EOD and closed at the lows. I was thinking to add a bit more to double up my tiny position, but decided against it since I didn't want to risk it gapping down and giving me headaches the next day. So stayed tiny partial.
Then on 12/18, it had a nice morning bounce from 8.10s to 8.80s Then it started pulling back to the 8.40s and it held and made a nice move back towards 9.00s and closed at the HOD of 9.10
Lets see what 12/21 brings.
12/21: nice push out of the open and I should have closed it out for a headache-less 90 cent trade. It ended up tanking to 8.00s and bounced back to close around 8.90
If my goal is to save on commissions, I should just trade this ticker w/ fun bucks and just take the 80-90 cent profits on small size over and over.
12/22: very nice move today. Covered too early since I had another trade that I was losing pretty big on and wanted to lock this in to help cover some of the other losses.. Straight up emotional cover due to the other loss I was dealing with. Nice $1 move though.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-12-17 11:46:55 | NGL | buy | $8.449 | long |
2015-12-22 10:50:15 | NGL | sell | $9.452 | 0 |
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