Right stock, right idea, wrong stop. My emotions got the best of me and I stopped out on a pierce of the 9ema. In hindsight the stop should have been below the previous low as to confirm a trend/pattern break.
After I was stopped, the stock followed through and made a beautiful W pattern. Where I stopped would have been a double down spot if I was thinking clearly.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-21 10:02:12 | UA | buy | $46.860 | long |
2016-04-21 10:13:14 | UA | sell | $46.320 | 0 |
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