What looked like a bullish pattern ended up flushing. It seemed like the stock was coiling up and preparing for a breakout with higher lows being made. My stop-loss placement should have been just below the MAs instead of below the VWAP to limit my risk a bit better.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-12 11:48:23 | FSLR | buy | $49.590 | long |
2015-02-12 12:07:24 | FSLR | sell | $49.390 | 0 |
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looked kind of hoooot