Gap down and double reject of the 44.30ish level made me think a good fade would play out. Took a bit smaller than normal size since this ETF can make big moves but was basically risking off of HOD and looking for a $1/share target.
Gotta get better at these types of plays as I tend to take them off radar once the target is reached. Remember: Just because you get a nice gain doesn't mean the trade is over. Look to enter again on secondary signals.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-10-18 09:53:00 | DUST | sell | $43.770 | short |
2016-10-18 11:14:00 | DUST | buy | $42.770 | 0 |
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