GM looked like it was going to bounce off pre mkt support and the selling was slowing down so I got long just infront of the support. Once support dropped I got out for a small loss. I took this off my screen which was a mistake because the stock then ripped back up through the support and held which would have been a good buying opportunity. Just need to keep on cutting my losses quick like this and get back in when the chart and price action look good.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-12-19 10:10:55 | GM | buy | $27.130 | long |
2012-12-19 10:14:01 | GM | sell | $27.050 | long |
2012-12-19 10:14:01 | GM | sell | $27.050 | long |
2012-12-19 10:14:01 | GM | sell | $27.055 | 0 |
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