Great play.
I was a little late to the party here, but I took advantage of what was left.
Had signals everywhere telling me to stay short, my setup said so, MB said so, was just a little sketched out about the former resistance from about a 30 mins earlier. I knew this was a decision point.
The first time we bounced off that support and I had a good stop set so I held through it going against me. I told myself, if this gets back to that support again and starts struggling, that could be a double bottom so just take profits.
Turned out to be the exact right move.
I'll take this.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-09-01 10:05:42 | GILD | sell | $82.600 | short |
2017-09-01 10:32:04 | GILD | buy | $82.390 | 0 |
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