got in thinking pullback buy, but the red bar's volume was strong so got scared out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-27 12:23:01 | TKMR | buy | $19.940 | long |
2014-08-27 12:26:14 | TKMR | sell | $19.700 | 0 |
This was kind of trying to catch a knife. Wait longer to see if a few candles consolidate.
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Always best to wait for the stock to base a bit first when trying to play the pullback because you never know if the stock has bottomed, so if you wait for it base a, giving the stock time to find price support, you will be able to determine a better entry point with a define stop.