hugh's MSOS Trade $-210.06
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Trade Detail
Trade Details
Portfolios:
SEP Trading Acct
Patterns:
Double Bottom
Performance Metrics
| Entry CPU | Exit CPU | Fees | Max Amount | Max Cost | P&L % | P&L $ |
|---|---|---|---|---|---|---|
| 7.22 | 7.01 | $0.06 | 1,000.0 | $7,220.00 | -2.91% | $-210.06 |
Transactions
2 entries| Date | Side | Amount | Price | Commission | Reg Fee |
|---|---|---|---|---|---|
| Oct 17, 2023 11:35:00 | Entry | 1,000.0 | $7.22 | $0.00 | $0.00 |
| Oct 18, 2023 12:35:00 | Exit | 1,000.0 | $7.01 | $0.06 | $0.00 |
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Bought on what I thought was a potential double bottom. MSOS had struggled with the 7.30ish range for the past 2 weeks. On the open, price ran hard right through this Supply zone. After pulling back almost as hard, I bought on a quick break of the double bottom and hold of the 5min 20EMA. It didn't last and bears tok the day quickly. I learned that if these quick bullish breaks of defended Supply zones don't hold above the zone for long, I should expect the move to fade and any bullish strength to dissapear.