enter position at the low of day and closed at $33.510
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-21 13:22:16 | VJET | buy | $33.000 | long |
2013-10-21 13:26:54 | VJET | sell | $33.510 | 0 |
Its a free fall that too stretched... price most probably snap back. What's hard is to find timing for correct entry point.. which you did!
When free fall snap back, usually form a V (which it did). Should try to stay till the second leg of V completed... can use EMA line as guide.
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when you nailed the bottom like that, you have to let the trade ride