Shorted as it was bear flagging and overbought on the 15 min. Ran up in my face and I stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-10 12:33:52 | COUP | sell | $10.760 | short |
2015-02-10 12:51:07 | COUP | buy | $10.950 | 0 |
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Stop was too tight. Look at the resistance level intraday (between 10 am and 11:30 am). As you can see the price was testing that level and maybe going a few cents higher. Try to set stops at logical price support/resistance levels and leave a little wiggle room like Kunal says. Also it's good to be able to enter near those support/resistance levels so you can get best reward-to-risk ratio.