Missed the stop loss by .03 Very upsetting trade. I forgot to look at the 9ema for this trade thinking the price support of the flat bottom flag formation would hold with a little room for error. Stopped out of the trade instead of realizing a 3:1 profit ratio.
49.37 entry
.19 stop loss
$175 loss risk
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-13 11:01:48 | TRLA | buy | $49.390 | long |
2013-09-13 11:01:48 | TRLA | buy | $49.370 | long |
2013-09-13 11:01:48 | TRLA | buy | $49.370 | long |
2013-09-13 11:01:48 | TRLA | buy | $49.370 | long |
2013-09-13 11:01:48 | TRLA | buy | $49.370 | long |
2013-09-13 11:01:48 | TRLA | buy | $49.370 | long |
2013-09-13 11:02:08 | TRLA | sell | $49.190 | long |
2013-09-13 11:02:08 | TRLA | sell | $49.190 | long |
2013-09-13 11:02:08 | TRLA | sell | $49.190 | long |
2013-09-13 11:02:08 | TRLA | sell | $49.190 | long |
2013-09-13 11:02:08 | TRLA | sell | $49.180 | long |
2013-09-13 11:02:08 | TRLA | sell | $49.170 | long |
2013-09-13 11:02:08 | TRLA | sell | $49.170 | long |
2013-09-13 11:02:08 | TRLA | sell | $49.180 | 0 |
I would think above the 49 area would be support from previous day high, no?
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Entry was a bit premature.. You had the right idea though.