Oversold stochastics and looked like it was bouncing off price support.
Continued down next day so I sold.
Possibly could continue higher into next week
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-15 09:54:44 | IRM | buy | $27.380 | long |
2014-01-15 12:55:28 | IRM | sell | $27.600 | long |
2014-01-17 10:23:16 | IRM | sell | $27.740 | 0 |
Nape_BOWS I wish I had thought about adding at the double bottome. It would have been NICEEEE. The only thing going through my mind at that time probably was - Is this thing going to BOUnce...
That's understandable. If it's not in your original plan when you entered the trade the first time, then it will be tough to do.
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I would have added here on the double bottom pattern...http://screencast.com/t/AyL36F2y