A bit extended at the daily chart.
But it close very close to yesterday high and open right under yesterday close.
I think a red to green is worth a try.
I make 2 mistake on this trade:
1.I should sell half at 43.8 because it's yesterday high and it's extended in 5 min chart.
2.when the price drop, I should out my position break even.
Because my enter price is not a level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-05-19 09:32:02 | NVDA | buy | $43.395 | long |
2016-05-19 09:32:02 | NVDA | buy | $43.400 | long |
2016-05-19 09:58:48 | NVDA | sell | $43.290 | 0 |
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Definitely should have taken some profit at resistance, as you said. Not so sure about your stop though.
To me, this is too extended to play long at all. I played this one short today from 43.82.