This one felt like my best trade today. Tried to buy the breakout of $16.20. I thought I had a decent entry and exit as I sold when it hit its first sign of resistance. Good profit for me on this trade.
Any tips on spotting a better entry?? Thanks!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-14 10:19:47 | ICLD | buy | $16.200 | long |
2014-01-14 10:19:48 | ICLD | buy | $16.200 | long |
2014-01-14 10:19:48 | ICLD | buy | $16.200 | long |
2014-01-14 10:19:48 | ICLD | buy | $16.200 | long |
2014-01-14 10:22:42 | ICLD | sell | $16.550 | long |
2014-01-14 10:22:42 | ICLD | sell | $16.560 | 0 |
I'm working on doing a better job of spotting those entry levels. I thought that $16.20 was a good spot b/c it was the top of part of the last large green candle from earlier. I guess my fear is that it will stay coiled in the lower part the rest of the day and I don't want to get stuck in a position that just goes sideways all day long. So I end up getting in late as I wait for confirmation that its moving. Very good feedback though! Thanks again Nape!!!
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Why not buy it at 15.88/90?