stupid buy at the top. thought this was just going to pullback to the 9ema and continue higher - yeah right
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-26 12:57:40 | BCRX | buy | $7.200 | long |
2013-08-26 12:57:44 | BCRX | buy | $7.207 | long |
2013-08-26 12:57:47 | BCRX | buy | $7.200 | long |
2013-08-26 12:57:47 | BCRX | buy | $7.200 | long |
2013-08-26 12:57:47 | BCRX | buy | $7.200 | long |
2013-08-26 12:57:47 | BCRX | buy | $7.200 | long |
2013-08-26 12:57:47 | BCRX | buy | $7.200 | long |
2013-08-26 12:57:47 | BCRX | buy | $7.200 | long |
2013-08-26 13:00:55 | BCRX | sell | $7.130 | long |
2013-08-26 13:00:55 | BCRX | sell | $7.130 | long |
2013-08-26 13:00:55 | BCRX | sell | $7.130 | long |
2013-08-26 13:00:55 | BCRX | sell | $7.120 | long |
2013-08-26 13:00:55 | BCRX | sell | $7.120 | long |
2013-08-26 13:00:55 | BCRX | sell | $7.120 | long |
2013-08-26 13:00:55 | BCRX | sell | $7.120 | 0 |
2013-08-26 13:53:49 | BCRX | buy | $6.960 | long |
2013-08-26 13:53:49 | BCRX | buy | $6.960 | long |
2013-08-26 13:53:49 | BCRX | buy | $6.960 | long |
2013-08-26 14:25:23 | BCRX | sell | $7.000 | 0 |
not sure the setup on this one.. 9ema at the top after multiple bounces is not a setup its a short most likley.. better this setup at teh open.
lesson learned - at the time i thinking wow - every pullback is getting bought - until it doesn't! I will only use these setups at the open from now on
also, see how far apart the 9 ema is from the 20? more likely it will price correct and roll over for a short. how did you get the moving averages on your chart? do you have the premium service?
Patti - good point - haven't really considered the distance between the moving averages. Yes - the moving averages come with the silver plan ($29/month).
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No setup to long it. the play was in the morning. once it broke though $6 and held that round number it was in play.