Saturday, November 15, 2014

Closed VGGL Short

My VGGL trade played out as planned.  After a short morning push it faded throughout the remainder of the day.   I placed a buy to cover at 3.05 which was filled.

Entry: 3.43
Exit: 3.05 +11%
I did not put a lot of size on this trade as I shorted the fade on the initial day's move.  That can be somewhat of a risky strategy but I felt that the close was weak enough after a huge move to warrant a short position.

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