Great gap and go, Great job letting trade setup. Great entry, Terrible stop at support and at rising 20MA. WHY PUT STOP AT SUPPORT? No reason...in fact, should have added on dip to support or waited for the MA to really catch up and coil tight.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-07-24 11:02:58 | VMW | buy | $82.050 | long |
2013-07-24 11:09:25 | VMW | sell | $81.500 | 0 |
Totally, rookie mistake putting stop right at support, even worse was once bounced, set back up with great R:R, i didn't get back in. Had finger on trigger and didn't pull trigger.
Bummer, I got stopped on GMCR today and I was below support, then it returned... Volatile stocks right now
Did you consider getting back in once you were stopped or was it too late?
I did and had finger on trigger but didn't. Need to get back in if setup is there.
YO huge amount of support right under this.
What price did you see as the huge amount of support? Is it more of an "ish" area or a hard number? Thanks.
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Look like you bought right at price resistance and sold right a support.. You almost had it though. timing just was a tad bit off.