I was trying to be patient with this one. I figured if it broke the previous high's of 14.20 it would run to 14.50 which I set as my target. I was up .20 on this play and moved my hard stop from 13.80 to right under my entry price. It ended up pulling back, hit my stop loss, took me out and then proceeded to run a whole fff'n dollar. I didn't want to chase it afterwards so I just sat out.
I started using hard stops to prevent me from being shaken out of trades but this time it really bit me in the ass.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-01-24 09:57:00 | INVN | buy | $13.960 | long |
2013-01-24 10:07:00 | INVN | sell | $14.000 | 0 |
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