pitty play. Started getting frustrated from my missed entries and stopouts in QUNR and AMBA earlier so I went searching for anything else that might be moving on my watchlist. Saw this flagging and bought with a stop right under the 9 EMA. I realized I should have set my stop at VWAP or 20 EMA so I tried to re-enter the flag with a stop at the 20 EMA and VWAP but then stopped out in a quick dip before the run. In hindsight I should have set my stop around 33.57 based off of the flat top resistance area before the previous rip. If it was a day trade I would have been waiting for the pullback to this area to get in, so I don't know why I didn't think about that for the intraday entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-05 10:51:00 | CMCM | buy | $34.150 | long |
2015-06-05 10:56:00 | CMCM | sell | $33.940 | 0 |
2015-06-05 11:04:00 | CMCM | buy | $33.990 | long |
2015-06-05 11:44:00 | CMCM | sell | $33.750 | 0 |
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