definitely a chase.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-22 10:00:02 | WFT | buy | $9.265 | long |
2015-09-22 10:12:35 | WFT | sell | $9.155 | 0 |
honestly the problem was I wasn't thinking. When it comes down to eat this was just a emotional trade and not a logical one. I knew the stock was extended but I still got in, just because I wanted to be in a trade. As soon as i realized the mistake I got out
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What were your setups and reason to enter? The first candle(s) on the 5-minute chart were red and it shows weakness. Stocks like this will usually be weak and fading the whole day. I learned this from Szaman when he commented on my trades. Maribeth talked about a similar thing in a market recap on September 10th I think. Thursday.