Found this one while looking for a Rubberband Snapback Play. Overextended to downside and stochastics under 20. Was watching for bounce play. Shoul have also looked at hourly chart since it was a bigger picture play. Longed 200 shares at break of 2nd 5min candle and then another 200 on 9ema bounce. My entry was a bit high so higher risk to begin with. Because of this I was scared out on 3rd candle even though 9ema was holding.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-16 09:36:17 | BITA | buy | $17.060 | long |
2016-12-16 09:38:42 | BITA | buy | $16.860 | long |
2016-12-16 09:43:20 | BITA | sell | $16.940 | 0 |
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