Haven't been done any trading for months as I've been busy selling one house and buying another in other state...so we'll chalk this one up to luck. My investment banker friend (I only have one investment banker friend as I'm not exactly a Wall st type) would probably call it luck as well....
Or perhaps more eloquent description would be the title of the book by Leonard Mlodinow "The Drunkards Walk'. This was a bit of a drunkards walk of a trade...could have gone either way so I'm not really talking credit for it.
So thats why I though 6.4% profit in a day wasn't something I was leaving on the table a minute longer.
Entry was based on the chart looked ready for a bounce based on the RSI at 10 on the 1hr chart. I don't even really know what LIQT is or what it does so this was a 100% technical trade. The entry price was calculated on the day before based on where I thought the bottom of the bounce was. Turned out I kind of nailed it. Or is that just hindsight bias talking?
