Two trades. On both trades I exited the position before the price could hit my stop, but it was a bad idea both times.
On the first one I was expecting a bounce on 9EMA, but when it kept going lower, I decided to exit before my stop would get hit. I took a small loss. My stop was at $12.40 and the price bounced at $12.45 where I had sold. When I saw it bounce, I entered again and I made a profit. The price reached my target with 2:1 reward-to-risk ratio. I scaled out half and put the stop at the entry price. The price went lower and I thought it would hit my stop, so I sold before. My stop was at $12.52, but then it bounced at $12.54 (slightly below the 9EMA on a 5-minute chart, exactly at 9EMA on a 10-minute chart)...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-24 09:51:00 | TSEM | buy | $12.520 | long |
2014-11-24 09:58:00 | TSEM | sell | $12.450 | 0 |
2014-11-24 10:03:00 | TSEM | buy | $12.530 | long |
2014-11-24 10:17:00 | TSEM | sell | $12.750 | long |
2014-11-24 10:31:00 | TSEM | sell | $12.550 | 0 |
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