I thought $108.00 may have been a resistance point for a bounce. Fell asleep at the wheel and didn't have a set stop. In hindsight this just seems like I made a bad trade all together. No moving averages to support any of this... smh.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-19 10:47:56 | RCPT | buy | $108.120 | long |
2014-11-19 10:48:30 | RCPT | buy | $107.935 | long |
2014-11-19 10:49:11 | RCPT | sell | $107.627 | long |
2014-11-19 10:50:03 | RCPT | sell | $107.350 | 0 |
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No setup is there. have to let the stock put in a bottom and consolidate first. Trying to time the exact bottom is a suckers game.