entered thinking it was a pullback to resistance of the breakdown pt. waited too long to exit the 2nd time. thought it was still in the consolidation pattern so held the shares. wondering if there were any signs that it was going to go back up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-29 09:52:46 | TRLA | sell | $63.330 | short |
2014-07-29 10:32:08 | TRLA | buy | $62.850 | short |
2014-07-29 10:50:29 | TRLA | buy | $63.690 | 0 |
Interesting. So you can use the prior day's chart to determine the current day's setup? Is this always the case?
Yes. Always have to prior day chart pulled up so you see the previous support/resistance area.
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Easy money was at the open.. Green to Red play followed by a triple tap breakdown...http://screencast.com/t/F7QnoShpE