Got in at $37.93 after looking like bounce off 20 dma - didn't hold and I didn't want to lose any profit from SFUN trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-03 12:27:18 | NXPI | buy | $37.930 | long |
2013-09-03 13:07:32 | NXPI | sell | $37.760 | 0 |
Chased the entry just a tiny bit, if you were attempting a quick scalp. Otherwise, it looked like a better short opportunity. Good try though! I've made the same mistake.
I was looking at the daily and the 15 minute looking for a bounce off the 20dma. I didn't look at the 5 min and it didn't occur to look at it until just now. It did bounce off the 50 dma but it fell back through.
When I was paper trading (for the one week so far that I've done it) I just got too excited to get in the trade and get things going, I didn't get my multiple charts up and viewed. Also, I hadn't yet 'linked' my TOS charts to display 2 minute, 5 minute, and daily charts at the same time. Would have been nice to have the set up before I started!
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I'm wondering what got you to go long at that point as price was making lower highs and lower lows.