I took this trade based on anticipation of the double bottom at 94.. I scaled in a small quantity and wanted to see how it would act but was stopped out.
In retrospect this was not a good trade: 1. SPY had been fading after FOMC minutes, so long a market stock does not make sense when general market is fading after the 2pm decision. 2. lack of volume on the push off 94. 3. generally this stock has negative sentiment after lowered guidance and mediocre numbers on earnings 4. below vwap and opening price - sign of weakness. 5. boredom trade/impulsive trade
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-27 14:45:46 | AAPL | buy | $94.040 | long |
2016-01-27 14:48:21 | AAPL | buy | $94.440 | long |
2016-01-27 14:58:01 | AAPL | sell | $93.950 | 0 |
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