Play: Bounce
Stock opened strong and flushed but that dip got bought with a nice hammer candle. Waited to see a higher low, when it did, got in as all indices were strong. No follow through, held till it broke LOD, covered at lows lol This is why I don't like playing bounces or even going long bc you never know if it is a shake out or real weakness. However, shorting at this point is not really an option because all stocks are oversold.
Reasons to sell:broke LOD
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-05-10 09:35:46 | FCX | buy | $10.760 | long |
2016-05-10 09:47:39 | FCX | sell | $10.580 | 0 |
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