All indicators made me think this was likely to keep going up to daily 20SMA, but could still break down toward support at $201.98, so was watching for either. Intraday it was bouncing between a trendline and the 9SMA. It broke above the trendline, so I bought, setting stop a few cents below 9SMA. Stopped out seconds later. Stop too tight?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-11 10:01:22 | SPY | buy | $205.330 | long |
2014-12-11 10:02:54 | SPY | sell | $205.210 | 0 |
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Yup. Stop to tight..http://screencast.com/t/Yq5rtEOg6f