Gap and go strategy waiting for the 5 dollar break. No follow through got out immediately.
Maybe in play today. It filled partially the gap. Has historically poor follow ups, this is why before entering this type of trades, LOOK UP THE DAILY CHART BEFORE, to establish probabilities.
Be earlier in time to study the stocks before entering.
Good cutting loses. !!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-06-14 09:30:34 | AKAO | buy | $4.720 | long |
2016-06-14 09:30:37 | AKAO | sell | $4.680 | long |
2016-06-14 09:30:59 | AKAO | sell | $4.790 | 0 |
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