Rubberband snap back play green to red. The pop never held and I actually missed the first candle entry. I waited until the pullback (deadcat bounce in 20) and then a green candle for confirmation and bought 4k shares at 1.38. I covered at exactly 1.24 which was the bottom and a bad play. realistically I should of scaled out the candle before but again i got greedy and lucky. Took $560 on this and covered everything because it was a morning play and im not familiar with gap up days. I know kunal says there tricky and im not experienced enough to know how these stocks react.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-07-11 09:50:34 | INO | sell | $1.380 | short |
2013-07-11 10:10:31 | INO | buy | $1.240 | 0 |
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EPIC TRADE.
damn, such a beautiful entry and perfect exit. amazing!!!