This breakout was not perfect and I knew it at the time -- a bit extended on the 5. But I felt, perhaps correctly, that it was going to go one more leg at least, so I wanted to take it as a scalp for 1R. However, something strange happened and my orders got executed incorrectly ... I had a stop-limit for entry over .56, but got filled at .60 at the top of the next tiny consolidation. Then I hit out as it started to flag/roll back down into what was supposed to be my original entry area. The move continued right after that, and it would have been a good 1.5 - 2 R move by the looks of it. Either way, I managed it incorrectly by trailing myself out too quickly.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-30 15:42:16 | PAYX | buy | $47.600 | long |
2015-09-30 15:47:30 | PAYX | sell | $47.550 | 0 |
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