Not a valid reason to enter. Was thinking it was pulling back, but it hadn't pulled back to anything yet. Need to practice my patience on the entry, I feel like i'm more patient on the exit. If I had waited, I would not have traded it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-25 10:11:47 | JCP | buy | $8.040 | long |
2014-11-25 11:21:59 | JCP | sell | $7.980 | 0 |
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The mistake here is that you bought when the stock was still going down and to far away from the 9ema on 30min chart.