In my plan I mentioned that if this stock can't make highs after its pullback to the 9 EMA it could potentially turn into an all day fader. I was not thinking here. I saw that the stock was flagging and entered at 42.99. The stock popped up to 45.00 for a hot second but I wasn't quick enough. I was also thinking it may potentially go on a run. I should have at least sold half my shares and move my stop to my buy price. I was using a mental stop and waited to see if it would pullback again and maybe catch a bounce. It didn't and started fading. I held on WAY to long, exiting at 41.07. As soon as the breakout failed I should have been getting out. Very sloppy trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-20 09:47:53 | PRTA | buy | $42.990 | long |
2015-03-20 10:14:26 | PRTA | sell | $41.070 | 0 |
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