Started trading at 1:30 today so I missed the morning entries. Took this on a callout from Kunal. I set my stop below the MAs and got rid of it pretty quickly when it broke and volume didn't support the long.
2/9: I might still classify this as a type 2 trend until I learn more about why it didn't work. Mark's comments don't make sense to me even now. From my understanding, SCTY bounced off the VWAP here and Kunal waited until it broke above MAs.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-19 13:54:15 | SCTY | buy | $57.040 | long |
2013-12-19 14:13:20 | SCTY | sell | $56.920 | 0 |
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This one seemed a little sloppy as overhead supply was abundant on 5 min.