I was watching this for a pullback to price support and entered long end of day thinking it held support and it would bounce. It had put in a nice hammer the prior day and closed green for the day. It didn't bounce and I did not have a physical stop in place which led me to get hammered. I learned not to enter on a none well defined level of support. I got emotional and held onto it thinking surely it would bounce. I finally cut my losses and learned my lesson.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-02-15 15:59:04 | OREX | buy | $4.870 | long |
2017-02-16 10:36:24 | OREX | sell | $4.590 | 0 |
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