Shared by
E-Money
4/24/18
FCX
Showed weakness on high relative volume for the day. Saw the opportunity to short 300 shares at $18.00 RR setup, touched VWAP at $18.00. Stop was placed at previous pivot, risking $45.
Had target to close my position at $16.80. Used trend line to guide the trade; got out when I was 4-5R in the money, FCX ended up going past my target.
Tried playing it long 300 shares when it showed a pull back into $16 around 1:30 pm, tight stop. Struggled to go long but decided not to fight the trend. Ended up closing for a small profit.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-04-24 10:15:41 | FCX | sell | $18.000 | short |
| 2018-04-24 10:39:32 | FCX | buy | $17.350 | short |
| 2018-04-24 10:39:32 | FCX | buy | $17.350 | short |
| 2018-04-24 10:39:32 | FCX | buy | $17.350 | 0 |
| 2018-04-24 13:07:18 | FCX | buy | $15.990 | long |
| 2018-04-24 13:13:17 | FCX | sell | $16.030 | 0 |
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