Loss. I saw the price spike above 9EMA right after 1:00 p.m. and I bought thinking it will continue running upward. I sold as soon as it started breaking down instead. The light volume concerned me a bit though, but in the morning I had missed out on LAKE because of the light volume.
I saw this red-to-green move in the morning and the consolidation. I was thinking to enter, but the volume was so light (around 10,000 per 5 minute candle) that I didn't. A few minutes later it started its run.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-02 12:59:00 | LAKE | buy | $11.750 | long |
2014-12-02 13:17:00 | LAKE | sell | $11.630 | 0 |
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