$50 Profit
FXCMLong Stock
spindletop

Bought the morning breakout at 2.69 expecting a short cover, which happened after the battle. It was lingering and not wanting to take out so I closed the position, realizing there are ALOT of bag holders on this stock. It ended up pinging $3 before CRASHING, there were a lot of MOMO on level 2 especially from BARL(morgan stanley). Take Away: on stocks that aren't fresh, wait for the retracement before jumping in.

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DatePrice
Entry1/23/20152.69
Exit1/23/20152.71
  • Total Views140
  • Position Size2,500
  • Percentage0.74%

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