Oversold ETF on the daily and i was looking for a bounce.When it broke the trendline on the 30 min chart,I went long hoping for atleast a run to 8 which never came.I should have also moved my stop to buy price but didnt.But a flat trade eventually.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-29 10:03:15 | LABU | buy | $7.280 | long |
2016-01-29 10:27:05 | LABU | sell | $7.240 | 0 |
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its not a rubber band yet... u can't chase this thing up u gonna try to bounce it hit the red to green or wait for bigger base when stock is under so much pressure the strength gets faded quick