Shared by
Emilie_BOWS
Daily: dead cat bounce after big selloff previous day, $22 potential support level
Intraday: double bottom - entered when it was about to get over VWAP
I was watching $22 level for a bounce trade. Stock tried to break below twice without success so I felt pretty confident to get long.
I took 1/2 off around HOD $23 and then 1/2 near $24, probably got lucky with the fill on those last 1/2 but I also had my stop very close under so it didn't really matter.
Good job watching the support level and waiting for ideal entry signal.
Mistake: missing the pullback entry. I missed it because I wanted to wait for a bit of consolidation and I was also too occupied with the ETRM trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-01-10 10:30:02 | AMAG | buy | $22.000 | long |
| 2017-01-10 11:05:03 | AMAG | sell | $23.000 | long |
| 2017-01-10 13:11:46 | AMAG | sell | $23.950 | 0 |
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