DWTI was at a support lvl and I was looking to long it once it broke above its EMA's. It failed at its previous day low and tanked. Should have watched for the remount. I miss a lot of remounts because I'm watching like 6 stocks at once. I should minimize it to two or three a day max.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-12 10:05:22 | DWTI | buy | $124.120 | long |
2016-04-12 10:28:26 | DWTI | sell | $123.170 | 0 |
Looking at this one on the 15 minute now I can see that this was definitely not a long, nor a setup. Trying to watch too many stocks always leads me to carelessness and bad trades.
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I'm not sure what support level it was on, but it can be tough buying a stock in a downtrend on intraday resistance http://screencast.com/t/XRMIz3MoWU
I also have trouble if watching too many stocks.