I tried this a couple of times today. I thought both entries were ok. I'm having a problem getting scared out too quickly. I understand that if it breaks support we have to cut the loss. However, I think I'm doing it too quickly. Any thoughts on this would be appreciated.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-14 13:15:24 | ARWR | buy | $14.400 | long |
2014-08-14 13:44:39 | ARWR | sell | $14.270 | 0 |
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Entry was not bad, but you have to realize how far this stock has come from the open. The first two or three setups are always the best ones to play. If you are getting into a stock on the fourth and fifth setup, it is a good chance it could fail