Shared by
oly_BOWS
Gap up. I got agressive and bought early in the first candle. Stop just below the low of day.
I scaled out half pretty quick as it spiked up.
I sold the other half when the market overall was tanking. I would probably have still held normally but I was also in OWW at the time and I wanted less exposure while the SPY was choking fast.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-08 09:31:12 | GRPN | buy | $10.770 | long |
| 2013-08-08 09:39:11 | GRPN | sell | $11.090 | long |
| 2013-08-08 10:38:05 | GRPN | sell | $10.940 | 0 |
Comments
Nape_BOWS
oly_BOWS
Yeah lucky, I had no business being in this. If you incorporate overnight session there was a nice smooth uptrend with a dip just before the open so the price bars look good. However, the volume was huge on the open and I shouldn't assume traditional patterns work correctly. Certainly not till I have some real experience trading first.
https://www.dropbox.com/s/tzb6due7t8qi9nf/GRPN-0807.png
Had this for another thread, shows what I was looking at and why I got aggressive. Really think I should calm down though and focus on a few key BOWS setups until I show positive results.
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Risky move, nice it work out for you.