9 EMA pullback. I know that we need a deeper pullback around lunch time but I was just looking for a small move for the stock to move back up to the resistance spot and sell there.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-03 11:55:22 | IBB | buy | $258.480 | long |
2016-02-03 12:02:07 | IBB | sell | $260.090 | 0 |
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I see what you were trying and you nailed it. So on one-hand .. congrats on well executed according to plan. But just another thought too:
I see alot of traders say they were "just looking for a scalp" or something similar. I always wonder to myself, "Why?!". Why put capital and emotion on the line for what is intended to be a small move when just waiting for the proper setup nets SO much more profit opportunity with the same basic risk? Not saying it's the "wrong" thing to do if you can nail them most of the time, just doesn't work for me.