Setup_____________Took RIG on a Pullback trade for the opportunity it would break above the 12.00 support area
Risk______________0.25 on 400 shares. Stop @ 12.03
Exit______________Target 13.00 area. The move in RIG did not materialize. Scratched both trades. One of learnings from this trade is that I need to take this trade when Oil is in play
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-07-21 11:53:55 | RIG | buy | $12.280 | long |
2016-07-21 11:58:38 | RIG | sell | $12.232 | 0 |
2016-07-21 12:14:18 | RIG | buy | $12.240 | long |
2016-07-22 09:31:38 | RIG | sell | $12.172 | 0 |
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