Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-27 10:52:14 | ITMN | buy | $40.680 | long |
2014-05-27 11:01:31 | ITMN | sell | $40.500 | 0 |
This was one where i knew i should have gotten out of the trade sooner, and NOT let it go to the stop. The setup just started to fall apart. SPY was climbing, and this could barely get its head above the MA's. The writting was on the wall, but i honored my stop and stuck with the plan. Its one of those no win situations. If i had sold early, im certain it would have turned around and BO like a wild banshee.. LOL
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Good Risk Management Keith! Even though this was an unproductive trade you had a good entry and exit. You got out when the series of higher highs and higher lows was broken and your stop was triggered.