Swinging this thinking it would bounce but it failed and I cut the trade.
Placed a Stop Limit Order above the 52 Week High at $15.08. It snapped back right after that and never moved past it. In earlier pre-market trading this AM, it has gotten up to $15.10 but faded. Instead of waiting later in the day to see if it could move back to the new 52 week high / earlier pre-market high, I got out with a super small loss of $8. It didn't do what I wanted. So, cut losses quickly.
Entry comments: NASDAQ short ETF. Bought right near the 52-week low as a long term hedge. When the market crashes, I will sell.
Exit comments: Held this long enough. Stopped out while on tour here in Houston. I want the money to trade others. A great example of a failed buy+hold strategy!
Demo Account
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