Huge gap up that held small Pullback and bounced. Long with a stop -.05 under recent low and target of +.25, +.45. Started to roll and sell volume came in and got hit at stop. Missed that bounce.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-06 10:03:31 | LTXC | buy | $5.090 | long |
2013-09-06 10:21:36 | LTXC | sell | $5.050 | 0 |
I've been trying to loosen my stops and might have put it under the opening green candle or near there. Then you could have ridden it up all day, albeit with lower risk adjusted size.
Try taking smaller positions and looser stops. Also, I'm assuming this was an opening range breakout. Try to give it at least 2-3 candles before entering. Looks like range break was on the 4th one. Good find though!
LOL I'm dumb, I was totally look at the 30-minute chart. Let's try this again...
This stock doesn't look like a huge momentum stock. So it would've been a good idea to wait until some volume came in before entering. You and I seem to share the same sticking points-- on this one, you bought without confirmation.
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Worth a shot - hard to tell when these things will go sometimes