This is the case where I took a break-out (b/o) trade and it failed. So, I got stopped out.
Lesson learned. Wait for a retracement to go CT, when there is a lot of selling pressure, UNTIL PA got to Globex Low. This was a trade that took off and I jumped on, too late (on the top). It's a good thing that I didn't let that stop loss bother me. I got back on the saddle, on my next trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-10 09:53:54 | NQU4 | buy | $3838.50 | long |
2014-07-10 09:57:05 | NQU4 | sell | $3835.55 | 0 |
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