This stock was on a Flag Breakout watch on the daily. I tried getting in when it went green, with a stop at $33.92. Got stopped out by like 2 pennies, and then didn't remount for two reasons. One, Kunal longed it right after me (and I know he has wider stops), so I didn't want to remount blindly. And secondly, I didn't want to keep making the same mistake again.
This wasn't the cleanest move, but I really could have afforded a looser stop loss since I had only a few shares. The reason I only did 50 shares was because I chased it on the R/G. The stop should have gone at the bottom of that first green candle of the day, and the entry should have been more risk efficient.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-25 09:37:37 | ACAD | buy | $34.150 | long |
2016-04-25 09:40:21 | ACAD | sell | $33.920 | 0 |
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