this broke a level of resistance and I thought it would run again, didn't recognize the trend tern until it was too late.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-23 13:39:58 | YOD | buy | $3.534 | long |
2014-05-23 14:04:34 | YOD | sell | $3.320 | long |
2014-05-23 14:04:34 | YOD | sell | $3.320 | long |
2014-05-23 14:04:34 | YOD | sell | $3.320 | long |
2014-05-23 14:04:34 | YOD | sell | $3.320 | 0 |
Very extended by this point. Nice eye Jonathan on the big red candle. I missed that one.
Agree the run was already over..http://screencast.com/t/ydYl8dHQ4
When you start trying to play the 3rd and 4th intraday breakout that is when things start getting choppy.
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look at the size of the red candle volume, this was thr distribution starting, and after a huge move up it was a much higher risk buying at this stage....this was a 1,2,3 pattern and then a break of the ema9