breakout was 4.50. chased it 4 cents (1% on this stock; didn't realize it until after trade) came back to hit stop. If I didn't chased it then it would have been supported by 9 EMA on 5 min trend for a great entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-03-26 09:50:00 | GKK | buy | $4.540 | long |
2013-03-26 09:50:00 | GKK | buy | $4.540 | long |
2013-03-26 09:50:00 | GKK | buy | $4.540 | long |
2013-03-26 09:52:00 | GKK | buy | $4.540 | long |
2013-03-26 10:01:00 | GKK | sell | $4.510 | long |
2013-03-26 10:01:00 | GKK | sell | $4.510 | 0 |
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a dip is normal after a chase..remember stair steps a small dip is normal the will bounce if stock is going to trend.