I chased on this play, I entered it solely on the fear of missing out. I figure that I would still have some room to go.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-15 15:18:02 | KORS | sell | $35.510 | short |
2016-01-15 15:20:36 | KORS | buy | $35.420 | 0 |
chased this one! don't chase down big spikes always catch the beginning of the flushes
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Fourth red candle in a row intraday and $35.45 area is a support level intraday. Not a good entry, but a smart exit!