Stock began to rest near price resistance so I entered at 61.96. In hindsight, I should have waited for the stock to pullback to the 9 EMA and get a better fill price. The stock was overextended where I entered and would obviously have trouble breaking price resistance. I sold off my shares on the initial breakout. I should have continued to stalk this stock as their were plenty off opportunities to re-enter while it was in a smooth up trend with the 9 EMA riding underneath as support. This trade is evidence I should not be watching the stock tick by tick.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-04 11:30:47 | KITE | buy | $61.960 | long |
2015-02-04 12:17:28 | KITE | sell | $62.400 | 0 |
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