breaking down on the daily. stock had not broken its down trend yet but a huge amount of volume started to come in so I decided to get in early due to the volume and it never broke the down trend and stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-01 11:37:00 | MDR | buy | $7.358 | long |
2014-04-01 11:42:00 | MDR | sell | $7.312 | 0 |
Yeah, I had 7.37 as the break of the downtrend line. There was such big volume coming in I had to take it.
over 7.4 was the pivot
placed your bet, it went wrong. price is more important than vol (imho)
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$7.40 was breakout area, so until then it made a lower high.