Daily: no setup
Intraday: flat bottom breakdown
Thought morning spike was dead-cat bounce, entered in anticipation of consolidation breakdown, stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-18 12:12:00 | NOW | sell | $57.495 | short |
2014-07-18 12:45:33 | NOW | buy | $57.770 | 0 |
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Worth a shot. I would have gone with a tighter stop. With 57.77 as your stop, you're looking for a 56.96 target. At best you were prob going to get a 1:1 return before it stalled out and/or reversed. Thats just me though.