Was trying to get the red-green on this. Tried once and got rejected, looked like maybe an EMA and VWAP bounce. When it failed that, I held this way too long, should have dumped it immediately.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-03 10:39:07 | CNET | buy | $3.110 | long |
2014-10-03 10:45:11 | CNET | buy | $3.090 | long |
2014-10-03 10:45:11 | CNET | buy | $3.090 | long |
2014-10-03 10:45:11 | CNET | buy | $3.090 | long |
2014-10-03 10:45:11 | CNET | buy | $3.090 | long |
2014-10-03 10:45:11 | CNET | buy | $3.090 | long |
2014-10-03 10:45:11 | CNET | buy | $3.090 | long |
2014-10-03 11:57:28 | CNET | sell | $3.000 | 0 |
Agree. I had an add order sitting right above VWAP just in case it dipped. It happened to fill on that candle. This is the downside to putting in an order near the bottom of a range or near support, sometimes it gets filled because the move is failing. I think that mentally I was not prepared to abandon the trade right after I added, and was hoping it would turn around even though everything told me the setup was broken.
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
that one big red candle is scary especially with such high volume.