The first trade shows why it's important to watch stocks on multiple time frames. I was trying to buy on the first pull back. On the five minute chart it looks like there was pullback to the 9ema and then a slight bounce and then consolidation. But on the 2 minute chart it shows that it was just profit taking. Then it bounced off the vwap. Second trade I got stopped out on my stop loss too soon and third trade I should have gotten out as soon as the stock failed to breakout.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-04-19 10:17:19 | OSTK | buy | $18.750 | long |
2013-04-19 10:41:23 | OSTK | sell | $18.550 | 0 |
2013-04-19 11:24:33 | OSTK | buy | $18.760 | long |
2013-04-19 11:26:55 | OSTK | sell | $18.620 | 0 |
2013-04-19 11:42:52 | OSTK | buy | $18.820 | long |
2013-04-19 12:16:13 | OSTK | sell | $18.670 | long |
2013-04-19 12:16:13 | OSTK | sell | $18.670 | 0 |
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