Thought it was an ORB that would run up. Actually made some profit on it then gave it all back and it turned into a loss.
wondering what reasons to sell I should have used here?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-20 09:38:15 | MAS | buy | $23.340 | long |
2014-08-20 09:59:59 | MAS | sell | $23.250 | 0 |
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Stock is to extended on daily chart. Ideally you to catch the first and second day the stock is coming out of range on the daily. This stock has been up 7 days in a row already. Easy money has been made. Best to pass and find stocks with good daily setups.