This was a bad trade for me because the stock absolutely looked terrible on the daily chart. I should've never took this trade, the reason why I took it is because I was looking intraday and didn't pay attention to the daily chart.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-14 14:15:34 | YELP | buy | $25.970 | long |
2015-08-14 14:17:10 | YELP | buy | $25.940 | long |
2015-08-14 14:19:54 | YELP | sell | $25.890 | long |
2015-08-14 14:20:14 | YELP | sell | $25.890 | 0 |
Daily always comes first! Broken daily, so better short spikes.
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Been there done that many times. One more thing to see here is how extended you were when you entered, Five green candles on the intra day is a chase.
Sticky notes time: No chasing and don't trade stocks with bad daily charts. :-)