Was trying to get a quick scalp on this. Would get above MA and pop up a bit. When it broke MA, longed it for the pop, but it turned and dropped fast. Stopped out.
Was a bad setup, should not have done it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-04 12:18:21 | NUGT | buy | $38.830 | long |
2014-04-04 12:21:17 | NUGT | sell | $38.700 | 0 |
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FYI - One thing to note - kunal does not trade NUGT, since it's a fund and not a stock. just fyi.