This one was an ok trade. Of course hindsight is 20/20 so I can say that price had higher volume on the pullback then it did on the continuation. And I can say that when it hit the 20 ema, price didn't reject the level like it should've and instead it contracted, setting up for the next leg down. At the same time the pattern was there, I got a good entry, but the sellers just out weighed buyers.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-21 09:35:38 | BBY | buy | $46.890 | long |
2016-12-22 12:21:47 | BBY | sell | $45.770 | 0 |
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