Play: Swing
IWM was overbought, ran into 50sma, failed at it, put in an inverse hammer candle so thought it would pb as overall market was weak as well and had a hard time holding the 50sma. Got in long as it is a reverse ETF. It seemed to go in the right direction but when market started ripping after remounting the 50sma pre-market, i got out of swing.
Reasons to sell: SPY remounted 50sma, showing major strength
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-29 15:56:03 | TWM | buy | $45.630 | long |
2016-03-01 10:00:56 | TWM | sell | $45.110 | 0 |
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