Sim Day 14
$DUST gapped down this morning and stalled out when it hit support at around $12.10. I already had my levels drawn on my chart, and I was waiting for some good price action & volume, but unfortunately it was a slooow morning. After lunch, I noticed it was consolidating nicely along support and just under the 9ema and with low volume (the calm before the storm). At that time, I felt it was a low risk trade, so I put my stop just above the 9ema (at the 20ma). A few minutes later, the sellers came in and the volume picked up. Unfortunately, I scaled out too soon. I should have held a little while longer. Oh well! My exit could have been much better but still not a bad trade to lock-in some easy profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-06-03 13:33:08 | DUST | sell | $12.130 | short |
2016-06-03 14:38:20 | DUST | buy | $11.550 | short |
2016-06-03 14:43:26 | DUST | buy | $11.600 | 0 |
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