1st pullback buy setup. got stopped out. then missed the move.
wondering where my stop should have been on this?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-28 10:24:56 | CSTM | buy | $29.080 | long |
2014-08-28 10:36:47 | CSTM | sell | $29.030 | 0 |
I used a hard/software stop and got stopped out. Stop was too tight. :-/
Entry was just a bit early. Notice how it got bought up every time it got close to 29. Remember round numbers are key most of the time I will put my stop 1 or 2 cents under a round number
@jdn6832 - I didn't even notice the round number! Stop should have def been 1-2 cents under support indeed. Thanks.
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Your entry was good. Just not sure why you sold.