There was no good reason to buy this stock. Yes, it gapped up big time at the open, but it was down-trending all day, filling the gap. At least I got out without too much damage.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-21 15:27:39 | X | buy | $35.000 | long |
2014-11-21 15:27:39 | X | buy | $35.000 | long |
2014-11-21 15:36:07 | X | sell | $34.960 | long |
2014-11-21 15:36:07 | X | sell | $34.960 | 0 |
Thanks Nape. Now I have to teach myself to see that in foresight, not hindsight. Sometimes I zoom in too much and don't see the whole picture!
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Agree once this stock broke to the down side at the open, the trend was set. Every pop was getting sold off.