when i hit send it was at 17.3, then it went down to 16.60's immediately. my stop was around 17 which was right below the 9ema. i didn't even have a chance to get out at 17. when i bought this i couldn't figure out why and how it died the way it did. looking at it now, it was up 20% for the day and didn't dip down at all the whole day so there was no more room for it to go up any higher. unfortunate i didn't wait a second longer.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-10 15:20:00 | VTAE | buy | $17.230 | long |
2014-11-10 15:40:00 | VTAE | sell | $16.340 | 0 |
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I had something similar happen to me on Friday with SHLD regarding the stop. However, your entry was reaching for it. It looks like you wanted to get it close to the 9 ema. When it is that late in the day, the likelihood of another bullish flag diminishes tremendously. I would have waited to see if there was some consolidation after a few candles before getting in that trade.