Shared by
youngcb1_BOWS
Chased this stock and there was no set in sight. Once I entered the stock hit resistance and began to consolidate for a while before breaking down. I exited before it broke down and caught some profit. However, it still wasn't a good play. Lesson learned and what seems to be a constant reminder, don't chase and if there is no set up and r/r is not in your favor, don't enter.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-09-19 13:30:22 | FB | buy | $77.160 | long |
| 2014-09-19 13:55:25 | FB | sell | $77.200 | 0 |
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