OK so this morning, before the open, I put in an order to Buy MRGE at $3.81 and the low of the day, today, turns out to be $3.81. I was filled and the market rallied and closed at $4.06. I am now long this market from $3.81. The position is currently in profit.
There is still some danger for drawdown but I have placed my stop as stated in yesterday's blog.
Let's see what happens tomorrow.
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