This was my favorite trade so far even though I got greedy and left $100 on the table by not closing closer to $1.60 high when I had the chance to versus not watching a stock fall $0.11c. Found in ToS pre-market scanner.
(B)-Buy (S)-Sell
MACDH=> 0.002427(B) - 0.0156792(S)
MACDT=>(B) Just before the MACD lines cross and the Parabolic SARs switched directions
Volume=> 1,049,719(B) - 1,471,587(S)
Shares=> 1000
RSI=> 54.5506(B) - 63.9472(S)
MACDT=>(S) Above moving average but beginning to trend downward
OPEN Trade:$1.37 ($1370.00)(B)
CLOSE Trade:$1.496 ($1496.00)(S)
P/L: +$125.70
I knew if it broke the 1.35 resistance that it would run. The volume was high but the price move at a speed and clarity that I could handle. There was somewhat of a symmetrical triangle from and I watched the price squeeze closer to that mark.
Overall Grade: B+
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-19 10:19:54 | GSAT | buy | $1.370 | long |
2016-12-19 10:45:38 | GSAT | sell | $1.496 | 0 |
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