I was afraid I had chased and I was afraid it would break down, so I exited flat. I had expected it to move upwards with more momentum right away.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-02 10:27:00 | CODE | buy | $28.160 | long |
2014-12-02 10:32:00 | CODE | sell | $28.130 | 0 |
When I entered the trade my stop was at $27.90, but then I decided sell basically flat. I was up for the day and I didn't want to risk losing anything. The stock didn't continue running up right away and I didn't want to wait.
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Stop to tight. 27.98 stop as 28 will at as support because it is a round number.