Stock selection was my mistake here. Nothing on the daily telling me there's a move to the upside pending. I only used yesterday's move as reason to go long here.
I entered using S1 as my line in the sand @ $14.73. It was clear support for a while, then the stock broke under and it acted as clean resistance. When I saw my intraday indicators line up (oversold conditions going positive) I entered as it broke over the pivot.
The clue that it never ran within the next few candles should have prompted an exit for a small loss but I was playing my daily PnL in my head again (bad thing to do) and wanted to wait out a move to the VWAP around $14.80 area, hoping it would break through and go to the next pivot level @ $14.92 as it did yesterday.
I'm too focused on squeezing out a green day that I'm so far from the zone I have been in in the past. Tryin to find my way back.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-21 12:27:09 | DDD | buy | $14.750 | long |
2016-12-21 15:09:00 | DDD | sell | $14.690 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!