Popped and flagged out over VWAP. Entered for the break, but it pulled back. The longer I was in, the less I liked the volume pattern, so I got out well ahead of my stop.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-03 09:54:28 | RWLK | buy | $32.500 | long |
2014-10-03 10:11:34 | RWLK | sell | $32.260 | 0 |
Well, I was in really small on this. I wanted it to hold basically above the level I exited at (bottom of the consolidation range), but was prepared to go lower if need be due to the small size. Once it developed I decided not to really give it much room. The volume just looked really bearish to me.
That didn't really answer the question well! LOD (32.00) was my absolute stop.
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I like where you got out. Where was your stop? I would have put it where you got out so just curious.