This entry (my second in the stock) was on what looked like a bounce play. Stock came down on tiny relative volume, waited for green candle to clear previous candle's high. Stopped out as it cracked the base of the pole.
QUESTION: Was the second entry legit?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-10 14:55:31 | KORS | buy | $95.350 | long |
2014-02-10 15:06:01 | KORS | sell | $95.150 | 0 |
i would have passed this due to the fact that daily is extended.
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Good stop. I like to take pullbacks in the morning. IMO, the volume was lacking as well. Even on the big green bar before that, there wasn't much volume so that would have made me pass. But take this with a grain of salt.