Shared by
glen55867_BOWS
Simulator trade
Daily gapped up, recent strong uptrend and this gap up looked to be end of pullback which coincided with price support zone around $42.
One issue with the daily chart is there is not a lot of range, so this is not really a good day trade candidate.
There was a low volume pullback through the 9 and near the 20, remounted the 9 and broke a TL.
What I did well is recognize that the stock is going nowhere and exited the trade and not allow it be become a loser.
went positive and then faded (probably due to limited daily range) so scratched the trade
What I would like to have done better is select a stock with bigger daily range
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-06-29 10:18:00 | PBF | buy | $42.360 | long |
| 2018-06-29 10:50:00 | PBF | sell | $42.370 | 0 |
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