Bought anticipating a bounce, a long spike down stopped me out then immediately bounced.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-06 09:48:11 | UNTD | buy | $16.050 | long |
2013-11-06 09:48:35 | UNTD | buy | $16.090 | long |
2013-11-06 09:48:52 | UNTD | buy | $16.050 | long |
2013-11-06 09:48:52 | UNTD | buy | $16.040 | long |
2013-11-06 09:48:56 | UNTD | buy | $16.050 | long |
2013-11-06 09:49:35 | UNTD | sell | $15.950 | long |
2013-11-06 09:49:35 | UNTD | sell | $15.950 | long |
2013-11-06 09:49:35 | UNTD | sell | $16.000 | long |
2013-11-06 09:49:35 | UNTD | sell | $15.940 | 0 |
If u are new trader, avoid this "Falling Knife" plays. Takes skills
Yes, I am fairly a new trader, trying to get an edge on set-ups I can capitalize on, I will take heed of your advice. Thanks.
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Tough trying to time a bounce... always best to wait for confirmation.