Great flag P/B to 9EMA. Long with stop under MA. Got hit as bounced off VWAP. Stop too tight.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-29 10:11:18 | CRM | buy | $54.410 | long |
2014-05-29 10:13:08 | CRM | sell | $54.210 | 0 |
Right idea just too early.
Yep, natural P/B dip under the 9EMA but VWAP held. Stop too tight. I feel the correct thing was even if dipped lower and stopped at an appropriate stop, need to work on getting back in once theory holds.
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The only beneficial thing I can say about this stock is that if you look at the daily, you can draw pretty clean horizontal line at about the 54.10 area, and I would have considered having the stop below that as support!