3rd day continuation of a gapper on the daily. I admit that this wasn't a good pattern to choose. Any, I bought into the patter won I seen price consolidating near the 9 ema that was curling up under price after crossing above the vwap. I was stopped out when the next candle pulled back. Another mistake I made with this trade was not give price enough time to pullback/consolidate after running up over 75 cents in 15 minutes.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-11-23 10:06:00 | MPC | buy | $47.930 | long |
2016-11-23 10:14:00 | MPC | sell | $47.780 | 0 |
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