I tried this trade twice and lost at the end of the day. The risk/reward looked good thinking there would be an end of day rally and there was decent support around 6.48 at the time. Never had the muscle to follow through so stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-09-16 14:47:48 | SCOK | buy | $6.590 | long |
2014-09-16 14:51:30 | SCOK | sell | $6.440 | 0 |
2014-09-16 14:58:29 | SCOK | buy | $6.550 | long |
2014-09-16 15:28:08 | SCOK | sell | $6.510 | 0 |
the long plays were in the morning - first half hour and 11am. Market sell off in the afternoon did not favour longs. Always be aware of what market is doing. I have small 10 min $SPY chart always on display
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I tried SCOK twice today as well and just like you got stopped out both times.