Daily breakout (7.5) chased it. Came back to hit stop. Kunal/Chris, Let me know if this was not good pattern for entry. My stop should have been slightly tighter. Thought I had a winner here, but didn't work out. I didn't want to short it since it might have bounced back and this is strong stock by volume pattern from previous day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-03-28 09:49:00 | NLS | buy | $7.570 | long |
2013-03-28 09:49:00 | NLS | buy | $7.570 | long |
2013-03-28 09:52:00 | NLS | sell | $7.490 | 0 |
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Remember to consider the previous day just like it was part of this one. Would you have bought there if it was the middle of the day? Overall it was just extended...it only flagged for like 30 min yesterday. Needed to rest more under that level I think!