The big loss of the day..Flush at the open. Didn't really have a set up here and should not have got in on the 5th green candle. looks like a flat top b/o eventually formed. bought it once it broke above the ma. stopped me out by the pennies and ripped to 32.60
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-14 12:02:57 | LOCO | buy | $31.720 | long |
2014-08-14 12:18:54 | LOCO | sell | $31.450 | 0 |
Risk was high at that entry because you stop would have been below 31.3
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around 12:50pm was idea entry spot for a squeeze play the. Once over the vwap it went.