Was tapping at 38 for about 40 minutes, figured if it took it out on volume it would be worth an entry. Got in on the break, got out on the failure. I think i gave it too much room actually.
Looking back at it, looks like a double top and my entry may have been the best short entry lol
-27
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-01 11:45:45 | FB | buy | $38.020 | long |
2013-08-01 11:47:52 | FB | sell | $37.930 | 0 |
i always have trouble trading this stock..such high float.. the daily does seem a tad tired it filled a big gap from its first days of trading but seems to be smack dab at a key level of resistance on daily making a tad trickier
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It had already run up three green candle in a row, then you bought; that was a bit of a chase.