tried what i thought is one of my best goto setups the triple tap bo and this one looked clean and had nice gap up on daily 100 shares, but no go fake out and then chopfest.. just the luck of the draw...? i cant not take that setup.. vol was good and everything? -$22 half pos
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-11 11:07:52 | BYD | buy | $14.040 | long |
2014-03-11 11:20:13 | BYD | sell | $13.821 | 0 |
Couple of things. BYD is not momo play like small bios.With that gap , it kind of exhaust the move.
Ohh gotcha ok, but what criteria constitutes a stock being a momentum play?
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Resistance on daily chart held it back.. http://screencast.com/t/6BC0ijqz0P