Execution detail:
On 8/9 the SPY made a lower low but HDY made a higher low; as the market began to recover post FED news I noticed HDY trading in a tight range. The wind was at my back and it never went against me. I scaled half near the close that day, added it back the next day while tolerating a slight pull back. Then, sold into the strength later that day, on 8/10.
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Nice trade, John. What gave you the confidence to buy at 3.38/3.40, after it had previously failed at 3.60 a couple of hours earlier?