Day chart: follow through on move to new highs
Buy: waited for consolidation and saw somewhat of a flag, although not very obvious (not being objective).
Sell: Stop should have been $74.75 but I wanted it to be loose in case I was getting stopped before continued run. I paid the cost on that luxury by $0.53.
Lesson: Look at multiday, 15 min charts - I was waiting for a good setup but ended up entering too high. If you look at the 15min I'll see that yesterday's all day flag that never broke out actually broke out at the open today. I could have entered there with just as decent of a stop distance and probably would have sold around the area where i was trying to buy.
Remember the point is to trade the charts, not to see how u can make money. Using money as my motivation blinded me to the bad entry i was taking.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-22 09:50:00 | WUBA | buy | $75.050 | long |
2015-04-22 09:58:00 | WUBA | sell | $74.320 | 0 |
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