I was more hoping that this stock would run again today. I know stocks typically run for 3-4 days. So I knew going into the trade that my risk was a little bit more, I therefore went in with half a position. I tried to buy this one on conformation on a remount of MAS. I then set my stop a little under the MAS, This trade literally failed in SECONDS.
I have been having a hard time PICKING stocks by reading the daily. I seem to do alright taking the intraday setups. But I believe 90 percent of my losses are from playing stocks in which the daily chart contradicted what I was trying to do.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-14 10:32:42 | RIG | buy | $21.770 | long |
2015-05-14 10:32:43 | RIG | buy | $21.770 | long |
2015-05-14 10:32:43 | RIG | buy | $21.770 | long |
2015-05-14 10:33:06 | RIG | sell | $21.680 | long |
2015-05-14 10:33:06 | RIG | sell | $21.680 | long |
2015-05-14 10:33:06 | RIG | sell | $21.677 | 0 |
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