Today morning,I didn't know which stock I should trade.
So I watch the chat room and some one mention this one.
I didn't see the daily chart but I found this stock had a decent volume pre-market.
And it was biding up from 28.10 to 28.40.
The chart below is not true.
Actually at the open.The price should be around 28.15-28.20.
And then it quickly drop to 27.99 and the tape show no one interested in selling 27.99.
So I immediately bid 28.00 2 lots.
Within a few second it rise up to 28.30 and pause.
The seller selling at 28.29 aggressively. And the price hold.
So I think it will be maybe a potential add position point when it pull back.
At that time, my plan was sold 1 lot at 28.50,sold the rest 1 lot near 28.90.
If it hit 20.50 and pullback early at 28.30 I'll buy back 1 lot.
But the reality is, I sold the first lot at 28.44.
And it didn't go through 28.60.
After a long time consolidation,suddenly at 10:30 it drop 20 cents within a second without any sign revealed.
As it broke my important level at .30 without any hesitation, I hit out the remain 1 lot.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-05-04 09:30:19 | BHP | buy | $28.000 | long |
2016-05-04 09:35:56 | BHP | sell | $28.440 | long |
2016-05-04 10:31:26 | BHP | sell | $28.140 | 0 |
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