$50 Profit
FXCMLong Stock

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.
| Date | Price | |
|---|---|---|
| Entry | 1/23/2015 | 2.69 |
| Exit | 1/23/2015 | 2.71 |
- Total Views140
- Position Size2,500
- Percentage0.74%
Copy and paste the following into your page or blog. If using WordPress, you must paste this in the HTML tab only: