it broke out of 48.50 but I bought too early. I didn't wait to confirm the breakout with the pull back... I got lucky again. proper spot would have been when it bounced off the resist at 48.50
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-02 10:15:00 | NUGT | buy | $48.700 | long |
2013-10-02 10:32:00 | NUGT | sell | $49.700 | long |
2013-10-02 10:39:00 | NUGT | sell | $49.680 | 0 |
NUGT definitely looks to have bottomed around the $46 mark. Actually the entry doesn't look so bad but I see what you are saying about waiting for confirmation and set up next time. And great 1st sell on this! Although the 2nd sell ended up being a good choice in the end, what made you sell the 2nd time so soon after the first?
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nice