returning from a trading break, taking it slow, regaining confidence
This one was from my watchlist and noticed after the first run it was holding the 20MA well so entered and didnt like the action so got it too soon and missed the big move after lunch.
Oh well.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-29 10:23:22 | KING | buy | $12.970 | long |
2015-01-29 11:35:56 | KING | sell | $13.050 | long |
2015-01-29 12:18:13 | KING | sell | $12.970 | 0 |
Since your entry was at support, you should've set the stop slightly under the support in case it's being tested again.
Same thing happened to me and Kunal commented on it. You can see it and read his comment here: http://www.tradervue.com/shared/trades/1935359
Yeah you are right. sometimes as I watch the Level 2 action and a trade hasn't moved my way I get anxious and chicken out.
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I did this twice today. Scale out on a pop, move to breakeven, get stopped out, and off she goes without you. Part of risk management.