Shorted off pullback and bounce down off the 5 min 20ma.
Instead of placing my stop just a cent or two above the resistance I gave it 5cents due to being stopped out on the exact top or bottom of move.
Felt quite confident that I had placed it well when the price moved up towards it and met resistance, then it popped 6 or 7 cents and took me out - exactly at the high of the move.
Even though I am in demo mode it's amazing how often I get taken out this way.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-27 10:40:06 | CAG | sell | $37.320 | short |
2015-04-27 10:40:06 | CAG | sell | $37.320 | short |
2015-04-27 11:34:51 | CAG | buy | $37.430 | 0 |
2015-04-27 11:59:40 | CAG | sell | $37.340 | short |
2015-04-27 13:08:24 | CAG | buy | $37.460 | 0 |
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