Tuesday 29 July 2014
Stopped out of the half-position at price, 100.63
29 July – Buy 101.51|
29 July – Sell 100.63
Loss = 88 tics, $880 plus $15 commission per contract.
Deja vu. Back on the 14th, we bought into an oversold
condition only to be stopped out next day when price
became more oversold prior to a 300 tic rally. Here, we
are stopped out near the low of the current correction.
Timing is everything.