This was a rubberband setup. Really beaten down on the daily chart, oversold stochastics. Looked like it was going red to green through the whole number 8. It didn't go right away, and I should have cut it sooner than I did. If these red to greens don't go right away then I need to cut them quick. Also the ideal rubberband long would have an exhaustion gap down. This stock did not gap down, it opened right at the previous close.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-07-14 09:57:49 | BNED | buy | $7.990 | long |
2017-07-14 09:59:07 | BNED | sell | $7.900 | 0 |
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