The previous day had a large green and I thought this could have been a potential red to green move. I was looking at the 1 min chart and thought it would be a red to green. So I longed as soon as it turned green placed a tight stop and moved the stop up as it went up and I got stopped out and it went up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-05 09:32:51 | CCK | buy | $47.730 | long |
2016-02-05 09:35:39 | CCK | sell | $47.760 | 0 |
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Why move the stop up? I guess that could be good risk management, but if your keep your stop too tight you will have a very low win percentage. Also, I get that premarket activity lowered the green to red line, but previous days close (the point where stock broke resistance) was well above your entry and exit. In summary.. I'd give your stocks a little room to 'breathe'