Shared by
EL_BOWS
Turned a winner into a loser. Daily was breaking to 3 month highs on heavy volume.
First buy was on flag break confirmation/previous price resistance break. Sold into spike. Added to position as it broke the flat top/flag it had formed. Shaken out as it tanked out of nowhere for two hot and heavy candles.
Got back in as it broke north over previous price. There wasn't a real setup here, but don't tell me that when I'm hot to beat this thing (duh). Sold into spike then stubbornly let it fall back way, way too low.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-11 10:47:52 | NUGT | buy | $45.810 | long |
| 2014-02-11 10:49:32 | NUGT | sell | $46.130 | long |
| 2014-02-11 11:12:39 | NUGT | buy | $46.630 | long |
| 2014-02-11 11:30:18 | NUGT | sell | $46.080 | 0 |
| 2014-02-11 11:41:49 | NUGT | buy | $47.070 | long |
| 2014-02-11 11:41:53 | NUGT | buy | $47.040 | long |
| 2014-02-11 11:49:00 | NUGT | sell | $47.370 | long |
| 2014-02-11 12:26:48 | NUGT | sell | $46.440 | 0 |
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