Play: Bounce play
It had not bounced yet and wanted to try another bounce play. I took some profit but got stopped out on the rest.
I still don't fully understand why some go and some don't and what to look for exactly in those types of plays.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-24 14:48:26 | ZU | buy | $54.750 | long |
2014-03-24 14:48:26 | ZU | buy | $54.750 | long |
2014-03-24 14:51:49 | ZU | sell | $55.190 | long |
2014-03-24 14:55:14 | ZU | sell | $54.780 | 0 |
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Reason it went because it was holding that low from 3/10. Big supppot area.