Then, I thought it would be a break-down, but not.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-26 12:57:59 | CSIQ | sell | $29.660 | short |
2014-06-26 13:18:15 | CSIQ | buy | $29.550 | short |
2014-06-26 13:22:58 | CSIQ | buy | $29.750 | 0 |
Thank you Nape! I see. I tend to see the confirmation and it makes chased entries. I have to act quicker. Do I have to buy/sell before breakout/down?
You can get in within the base or as it the trade is breaking out/down; just make sure you have a define stop before jumping in the trade.
OK I see. Sometimes a limit order I place isn't filled and the price is gone. I shouldn't chase. When I place an order, I add a stop loss to the order. Thank you Nape. I always appreciate your advice!
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Third candle down was a chase.