The goal was to play a red to green move on this stock. I opened weak and then went green, I took a smaller risk on this one by buying less shares and got stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-28 09:32:39 | WLL | buy | $7.580 | long |
2016-03-28 09:36:14 | WLL | sell | $7.470 | 0 |
On the daily it looks like WLL was going to bounce off of the 50 sma,I was looking for a weak opening for it to go green?
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Not sure I see the setup on the daily. Looks like price fell below support (now resistance). Still, fantastic job of managing the risk with a smaller position and fast stop.