Play: Break of 200DMA
Got in when it was too extended which resulted in a chase. Should have been more patient on it as it re-offered a much better entry 10mns after (which I took). It had no power to break with conviction the 200DMA. Next time, wait for it to consolidate around the area.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-03 09:49:34 | DNDN | buy | $3.320 | long |
2014-03-03 09:49:34 | DNDN | buy | $3.320 | long |
2014-03-03 09:50:32 | DNDN | sell | $3.270 | long |
2014-03-03 09:50:32 | DNDN | sell | $3.270 | long |
2014-03-03 09:50:32 | DNDN | sell | $3.270 | long |
2014-03-03 09:50:32 | DNDN | sell | $3.270 | long |
2014-03-03 09:50:32 | DNDN | sell | $3.270 | long |
2014-03-03 09:50:32 | DNDN | sell | $3.270 | long |
2014-03-03 09:50:32 | DNDN | sell | $3.270 | long |
2014-03-03 09:50:32 | DNDN | sell | $3.270 | 0 |
" Next time, wait for it to consolidate around the area"
agree w/ sayed. The resistance overhead seemed like it would decrease the probability no?
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Yea it was at a tricky spot with the 200ma right there.