Play: Bounce
Stock held that low, other stocks were still strong, got in thinking it was going to catch up. Only started to give it room. It pullback and finally started going. Added to position for the red to green play but failed follow through so got out at buy price. Not a fan of the exit, should have known its as going to pullback and give it a shot as it was extended running into red to green.
Reasons to cover:thought it had a stronger move but got shaken out
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-05-11 09:36:01 | CHK | buy | $4.220 | long |
2016-05-11 09:46:13 | CHK | buy | $4.270 | long |
2016-05-11 09:49:28 | CHK | sell | $4.260 | 0 |
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