Good idea, poor sizing. The previous day, AFMD made a strong move with volume and the stock appeared to be holding up. I bought near the EMA on the 15m chart and on a pullback near support. If this trade worked, I would have been proud of myself. The trade simply didn't work and the loss looks worse than it is because I was sized in too large. I stopped out where I had planned and glad I did because the stock continued to drop.
Work on:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-16 09:59:19 | AFMD | buy | $7.640 | long |
2015-10-16 10:07:53 | AFMD | sell | $7.455 | 0 |
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