Bought as it failed to break the MAs and headed right into this area of support. Anticipation buy. Moved my max loss up as it squeezed on lower and lower volume, but finally had to just suck it up and take the loss at 1.4x my max loss. Of course, it reversed, to the penny and came back down.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-24 14:00:11 | SFUN | sell | $81.010 | short |
2014-01-24 14:44:02 | SFUN | buy | $81.720 | 0 |
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Was worth a shot on that triple bottom break.