Reversion play, Stop -.50, Target +1.50, +2.25. Bounced and low volume on bounce so took off early +.90. Target hit. Need to stick to plan.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-19 10:37:32 | BIDU | buy | $159.800 | long |
2014-03-19 11:01:24 | BIDU | sell | $160.710 | long |
2014-03-19 11:01:25 | BIDU | sell | $160.710 | 0 |
Yes, and i typically do (or plan to for that matter). I didn't stick to my plan and this reinforces again why i MUST stick to my plan.
Great entry! I've been trying to catch bounces on flushes like this. I agree with Blake, even if it is a small # of shares.
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Have you thought about scaling out of positions like this? I think that that sell spot would have been perfect for a first sell! Nice work though!