mistake number one was even entering this thing... number two was entering it with a market order... i saw the high price and thought it would be liquid, but it somehow had a nasty spread and i took the brunt of it on the fill and thus took a bad loss on the stop out.. i should have zoomed out a bit and saw this as a potential bounce spot from the prev day.. oh well -$140 100 shares
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-07-25 10:02:04 | SOHU | buy | $68.930 | long |
2013-07-25 11:05:49 | SOHU | sell | $67.530 | 0 |
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Flat top breakout look on daily.. I really thought this one was going to rip. just didn't have enough juice to get back over 69.00 and hold.