I was expecting to break support right here but it held.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-05-12 09:37:49 | NUGT | sell | $102.650 | short |
2016-05-12 09:41:42 | NUGT | buy | $104.650 | 0 |
2016-05-12 09:42:30 | NUGT | sell | $104.390 | short |
2016-05-12 09:43:08 | NUGT | buy | $104.490 | 0 |
2016-05-12 09:45:10 | NUGT | sell | $104.380 | short |
2016-05-12 09:45:43 | NUGT | buy | $105.500 | 0 |
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Why did you think it was going to break support? Not saying that was the incorrect thesis. Only asking because you didn't say. Gotta get out of the practice of shorting on support. If you have a short idea, then you really gotta short the pops. Even if it doesn't work, you have a much better R/R.