FCX Trade on May 10, 2016 09:35 from jmos_BOWS: Tradervue User Stock Trades.

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jmos_BOWS

 

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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