Took long position when stock crossed VWAP after it went red at the opening. Set stop at $51 which was wrong stop placement. Should have set stop at $50.75 (LOD) which would have kept me in the trade for a win.
Gain: -$36 (-0.7%)
Shares: 100
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-20 09:42:12 | KMX | buy | $51.390 | long |
2014-06-20 09:45:31 | KMX | sell | $51.030 | 0 |
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Aaahh you had it. I would have put stop at $50.90