Looking at the 30 minute chart 63 was a possible support area because of a trendline and because it was the gap it needed to defend to show strong commitment on earnings BO.
I keep failing on entering correctly my trades because I am afraid of missing out (I can't keep doing this).
Doing the review, the first 30 minutes traded on a range from 63 to 63.20ish, now, my plan was to buy at 63, so it is bad that I buy at the high end of the range because I am afraid of missing the move. At the end the play did not work as the stock edge lower to close at 62.85 (with a 62.50 low). However, I should not have given away the first .25 points, if something I should have gained those when I saw the stock was reversing again or at least got out flat.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-17 09:39:32 | JPM | buy | $63.250 | long |
2015-04-17 09:49:00 | JPM | sell | $63.010 | 0 |
2015-04-17 10:10:21 | JPM | buy | $63.030 | long |
2015-04-17 10:18:40 | JPM | sell | $63.030 | 0 |
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