Right move

Entry comments: I re-bought this play from earlier as it went all the way to the mid 5s so I underestimated it...now its holding the low 4s pretty well so I'm going for a 30-75 cent/share bounce either later today or tomorrow morning...bit of a forced buy here as I would wait until the market close, but I've got a flight taking off in 20 min so I have to execute the trade now which is a bit risky
Exit comments: I'm out with small gains as I don't like the way its closing with a big wall of sellers in the 4.60s, potential re-buy later if it can break that, but I don't feel like stressing on my flight...when in doubt get out, rule #1 about cutting losses when your thesis proves incorrect does not just apply to losses, but also breakeven or small gains too
| Date | Price | |
|---|---|---|
| Entry | 12/4/2017 | 4.55 |
| Exit | 12/4/2017 | 4.59 |
- Total Views1,163
- Position Size2,000
- Percentage0.88%
Thanks Tim
Thanksgiving