The idea was an end of day run to 5.00, which was BIG for this stock. I didn't let the pattern develop and confirm before getting in. Just jumped right in. Took it off when it was apparent I was wrong.
Let the setups develop and confirm THEN get in.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-04-26 12:11:13 | MITK | buy | $4.900 | long |
2013-04-26 13:11:27 | MITK | sell | $4.840 | 0 |
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aaaah u know what dont beat urself up on this.. its such a big level that u almost hve to get in early as the guys that chase it at 5.00 will get stuck or it will spike and fade.