Daylong pullback. I really liked how orderly the pullback was on the daily chart. There was resistance around 15.30, so I took off 1/2 there.
I'm still on the fence about keeping lotto shares overnight. I lost sleep on AOL because I was nervous about the market suddenly failing. SPX under the 50dma and 20dma right now, so I'm going to be more cautious.
That daily chart looks pretty though. When I become more confident and proficient at holding overnight, I would definitely hold 1/4 here and set a stop at my buy price.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-28 13:11:07 | CROX | buy | $15.140 | long |
2014-01-28 13:57:29 | CROX | sell | $15.290 | long |
2014-01-28 13:57:44 | CROX | sell | $15.295 | long |
2014-01-28 15:09:57 | CROX | sell | $15.210 | 0 |
Yeah I agree. Still a relatively bullish daily chart. Could go if the market somehow finds a bounce spot.
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Nice entry off the P/B. Over 15.50 this should be a good trade.