I was following this bear flag in YUM. I put in the trade and then placed my stop at 66.93. I got stopped out on a slight blip. I didn't even notice it for a bit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-04-26 12:01:00 | YUM | sell | $66.870 | short |
2013-04-26 12:03:00 | YUM | buy | $66.930 | 0 |
also a 10 cent stop on a 70 dollar stock is like .00001% of a stop which means basically you have almost a 100% chance of getting stopped out unless uhad a once in a life time setup..its too tight.
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i see ur setup i think intraday but on the daily there was nothing. not really a buy or sell and its all over the place.. ton of demand in the 66 to .66.50 area too which makes it a bit more risky.. it still ould have worked for 30-40 cents but it seems u mighthave been too tight on the stop loss which defintely needed to above 67. not sure wht the significance of 66.93 is i dont see anythign there.