Good- Entered trade and stock pulled back to VWAP. I placed my stop at 3.96 which was just under price support and VWAP. Scaled out as hit resistance.
BAD- Entry was a bit early.
Lesson- Continue to utilize risk management in every trade by identifying levels of support/resistance and placing stops.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-05-31 15:50:00 | BOSC | buy | $4.050 | long |
2016-05-31 15:56:00 | BOSC | sell | $4.140 | long |
2016-05-31 15:58:00 | BOSC | sell | $4.120 | 0 |
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