Grade=D
The setup: Pullback to support (Trendline, EMA, and price)
The result: Got stopped out.
The lesson: The stock was coming down pretty quickly here, so I think waiting a little longer would have been prudent. I was a bit pre-emptive on this one. If I had waited a little longer I could have bought on the spike where I sold and at least have made .10 per trade perhaps depending on how long I held or just have gotten stopped out at break even (with costs covered as I usually like to factor in)
Also, I don't know if I would even call this a pullback now. It's a full-blown retracement, and it still could have bounced. A pullback would have been to support above this level as I think of pullbacks these days.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-04 10:02:22 | CMCM | buy | $33.520 | long |
2015-06-04 10:02:22 | CMCM | buy | $33.500 | long |
2015-06-04 10:02:45 | CMCM | sell | $33.300 | long |
2015-06-04 10:02:45 | CMCM | sell | $33.300 | 0 |
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