bought: 15.00; doubled position 15.02
sold: 15.09; rest 15.13
reason for buying:
- spy putting out wicks at 69..round #..looking for bounce in oversold market.
- put on small position to test out the position...allowing for bigger wicks..and added on strength of come back.
reason for selling:
- taking partial profit on low volume bounce..and letting the rest getting stopped out..
- was guarding the trade on 1-min timeframe watching sso and spy side by side.
- a bigger red volume bar got me stopped out.
- didn't want to get excited about the bounce...looking back at the 20min or longer time frame..the spy is still in horrible down trend with alot of overhead resistance...a bounce is a bounce..and not getting greedy.
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