I was looking to swing this on a bounce on the 20 DMA. Since it was basically riding the 20, I thought that once it went green I would have confirmation of a bounce. I entered as it did this, with a tight stop right under. This was good because when it failed I didn't lose very much. Volume showed heavy selling on the first candle, light buying after. I had a vision in my head of where I wanted this stock to go on my swing, and I was trying to fit the price action into that vision.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-20 09:43:17 | BLDP | buy | $4.690 | long |
2014-03-20 09:49:47 | BLDP | sell | $4.640 | 0 |
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