Waited for the first five minute candle to form. It could not break the 42 dollar whole number mark. This area was also reject twice the day before so I shorted with a stop at 42.20. My inital target was 41.00 dollars and once it got there I just trailed my stop down with the stock until it broke back above the 9ema and got out. This was my most successful trade to date. I was able to make 296 dollars on 40 dollars risk. A total of 7.4:1 risk to reward.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-23 09:37:06 | BBBY | sell | $41.890 | short |
2016-12-23 15:15:24 | BBBY | buy | $40.400 | 0 |
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thats about as good as ur gonna play a stock good stuff