FB Trade on Jun 7, 2016 10:24 from MAllum_BOWS: Tradervue User Stock Trades.

I need to stop takes counter-trend trade right after a stock makes such large moves in one direction. I keep thinking they are going to bounce and buying at the box lows. Will have to figure out how to buy low and sell high when a stock going low many mean that it will continue to go low, as was the case with FB here.
Took my loss when it broke below the low of the free able I entered on.
Perhaps I should stop trying to find the first bottom. Wait for the stock to bottom out, bounce and fall again and THEN like what happened around 11am, try to enter for a counter-trend long. Especially since there was a support level created around $117.8. I was already out of the stock long before then. I am mindful that stocks tend to do this reversal around 11am sometimes. Maybe I can get some help building a scan for stocks that are consolidating between 11am and 12pm...
I also needed to try for a bigger move on FB because it was a $100 stock that moved $1 fr the whole day.