I think my best trade of the day. The range was getting tighter and I saw the market was poised for a BO above 211. I got in on a pull back to the 210.20 area (resistance in the last few days)(210.29 entry, with a .20 cent risk).
I sold once it broke the 211 level.
Review
For next time I could add a bit more size on this well defined support plays whenever a tight risk exists, not when I am trying to catch a bottom like the one on CAT, but with this well defined level. Also, the potential BO made even better to be load up, and finally I could sell part and keep a third for a second move, or even add a position to my swing account after consolidating for a swing long.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-23 10:23:59 | SPY | buy | $210.290 | long |
2015-04-23 11:56:59 | SPY | sell | $211.280 | 0 |
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