Entered on a pullback to price support. I got stopped out and did well to get out early.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-15 15:15:41 | AMZN | buy | $572.230 | long |
2016-01-15 15:16:28 | AMZN | sell | $570.580 | 0 |
Your'e deff right, I need to consider where the chart is on the daily when executing my day trades. Your idea wouldve been great because the stock was overextended as well.
also this is super range bound intraday . there is no real trend or setup
What does super range bound mean? and right will remember not to enter without a clear set up
daljitsingh_BOWS Google "range bound" and find out. It basically means the price is moving between support and resistance levels, but doesn't have a trend.
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Downtrending stock on daily and intraday. I think shorting into the resistance near $575 would've been a better idea than trying to buy it.