I thought this was a flag. I know not that is was not. I tried to stop at 8.026, but accidentally bought. It then dipped again and I thought I should buy maybe it would catch a bounce. How should I have played this if at all.. frustrating.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-25 10:55:42 | JCP | buy | $8.029 | long |
2014-11-25 10:56:19 | JCP | buy | $8.026 | long |
2014-11-25 10:59:39 | JCP | buy | $8.000 | long |
2014-11-25 11:00:38 | JCP | sell | $8.006 | 0 |
2014-11-25 11:01:11 | JCP | buy | $8.016 | long |
2014-11-25 11:22:28 | JCP | sell | $7.960 | 0 |
I know... For me I see it later, but on the fly, I think it comes down to better immediate pattern recognition. thanks I see what you mean about red candles.
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One thing for sure, from the high of day to your entry, red candles outnumbered green ones almost 3 to 1, but don't feel bad-I screwed it up too:)
This stuff is so much easier to see in retrospect!