
Entry comments: PAPER TRADE: As you can see from my previous post I decided to buy the dip here because I was literally watching each and every stage of the morning panic turning on Level 2. So it was too good of an opportunity not to take. 6 Green days in a row on the back of Taylor Swift deal. This is the first Red Day thus far and 2.2M volume and its not even 11am yet. Watching Level 2 closely here to time exit as first red day has potential for more negative price action.
Exit comments: Ok so as I said I bought the dip and I was watching the Level 2 on this stock that was already down approximately 5% on the day and its not even midday yet. So I wasn't expecting this dip to result in a a huge breakout or anything because I suspect this stock will be negative on the day overall. But I just watched the Level 2 and 3.11/3.12 resistance just wouldn't budge for a solid 20 mins of testing. This seems to be the top of the dip. Might even take another short on the way down!
| Date | Price | |
|---|---|---|
| Entry | 2/12/2016 | 3.06 |
| Exit | 2/12/2016 | 3.10 |
- Total Views187
- Position Size500
- Percentage1.31%

Nice one