Premarket gapper showing weakness out of the gate and could not break the highs. Shorted on the flag breakdown once it got coiled up under the 9EMA but no go so covered later in the day since it seemed to be stuck in the range.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-13 10:59:52 | APPY | sell | $3.330 | short |
2014-03-13 10:59:52 | APPY | sell | $3.310 | short |
2014-03-13 12:51:16 | APPY | buy | $3.300 | short |
2014-03-13 12:51:18 | APPY | buy | $3.299 | short |
2014-03-13 12:51:18 | APPY | buy | $3.299 | 0 |
Do you think Nape this trade was worth a shot at the time I entered it?
You had a define stop just above $3.40 as that was a major area of resistance, with a possible drop to $3; so I think it was worth it.
That's exactly how I saw it Nape, thanks for the confirmation mate! I am just glad my thinking was spot on.
Was worth a shot, u picked all the stubborn ones today!
I guess you are right Sayed, many of them were too stubborn and combined with the market today glad I ended up green after all.
Thanks man for the feedback!
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Yep it was stuck in a range.