Got caught up in the excitement of this stock. Chased the gap despite being overextended. Entered on expectation of it coiling, not on what was actually happening. Was not prepared this trading day, either. Lack of prep played a role.
Compounded the loss by missing first exit sign around 8.65 when it dipped and got trapped below the ema9.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-06 10:10:00 | RMTI | buy | $8.740 | long |
2013-09-06 12:42:00 | RMTI | sell | $8.360 | 0 |
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Ah man, missed that run up.