Shared by
GingerSquid_BOWS
Was looking at this as a continuation of yesterday's down day. I"m not very good at catching the open so I waited and entered on the bearflag, selling 4ths into the flush and holding the last 4th for the home run. I closed my position when $igt bounced back above its vwap. Starting to think I should look at more of these since they seem to be my only positive plays hahah.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-27 09:57:23 | IGT | sell | $14.860 | short |
| 2014-01-27 09:57:26 | IGT | sell | $14.865 | short |
| 2014-01-27 09:57:26 | IGT | sell | $14.865 | short |
| 2014-01-27 10:08:53 | IGT | buy | $14.760 | short |
| 2014-01-27 10:12:57 | IGT | buy | $14.660 | short |
| 2014-01-27 10:24:25 | IGT | buy | $14.542 | short |
| 2014-01-27 13:35:47 | IGT | buy | $14.680 | 0 |
Comments
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Great trade! You don't have to catch the open to be profitable. Some traders don't even trade until after 7am EST and they make boatloads of money.