I was thinking of a pullback over 18.40 with a stop aggressivelyā€ˇ at 17.87 was targeting new high over 2. So I took the risk of .32 for possibly 2 buck reward.. but didn't work...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-24 09:41:29 | BABY | buy | $18.190 | long |
2013-10-24 09:52:11 | BABY | sell | $17.860 | 0 |
I seem to find that when the first candle on a bounce play is red, it doesn't pan out until later in the afternoon. Just something I have noticed. (and this is another data point with this stock today). Not sure it has any merit or not though!
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Give the bounce play time to develop.