Kept chewing at 7 and looked primed to flush as gapped up into daily support. Very clear stop -.10, target +.20 and potentially swing rest. Buyers started hitting quick so took off a little early for small loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-06 10:34:57 | MWW | sell | $7.020 | short |
2014-02-06 10:48:33 | MWW | buy | $7.080 | short |
2014-02-06 10:48:33 | MWW | buy | $7.080 | 0 |
i would have waited till it broke $7 (round number)
Agreed w/ Daniel - the round number was the support here. However, chances are if it snapped $7 it would have gone straight to $6.85 in like 1-2 ticks so I would have just left it alone entirely. Actually, I did. lol
I felt that if i waited i'd miss the entry so was ok with that little of risk for that type of reward. I'll keep an eye on that daily
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this one was a tough one bc it is a gap up but it was looking a bit weak but notice how the green bars at first are bigger than the red bars when it is pulling back. It could be just profit taking IMO.