Shared by
pstark89
I entered the first time anticipating a break in support from that 97 level. It had tried to bounce a few times and was unable to stay above the ma's. So I took the shot but it then bounced so I covered.
The second time I took the trade, the daily had resistance around 102.5 and it was way overbought on the intraday. I took a shot on the lower high with a 50 cent stop. It worked but I should have held more. There was much more room to fall that I missed.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-06-14 13:12:06 | NUGT | sell | $97.150 | short |
| 2016-06-14 13:15:07 | NUGT | buy | $97.840 | 0 |
| 2016-06-14 13:41:25 | NUGT | sell | $102.520 | short |
| 2016-06-14 13:45:09 | NUGT | buy | $101.550 | short |
| 2016-06-14 13:45:09 | NUGT | buy | $101.100 | 0 |
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