Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-05 12:22:59 | IQNT | buy | $8.190 | long |
2013-08-05 13:20:40 | IQNT | sell | $8.240 | 0 |
Seemed too extended for my liking, 8.10 was the textbook proper entry. Kudos for a positive trade. You should write down notes of why you entered a trade, stop and target, yada yada.
Mark, you're right. In retrospect, I think Nape is right-- it hadn't broken support, EMAs stayed pretty close from what I remember, and I had a great stop so my R:R was reasonable to take the trade.
It's easy to say but hard to do, let the trade tell you if your thesis was right. You know what your cost is if you're wrong.
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Not bad. It never broke support. You should have held on longer.