Got stopped out just above buy price.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-17 10:02:54 | RPRX | buy | $26.760 | long |
2013-09-17 10:17:37 | RPRX | sell | $26.780 | 0 |
This stock move fast... have to take some profit off the table near resistance..http://screencast.com/t/XSGwPsAeEw
Adding to what Nape said-- I've been experimenting with setting an automatic Limit order for my first target, just below the resistance area. So basically, my executions go like this:
1) Send Limit order to Buy
2) Send Stop order to Sell
3) Send Limit order to Sell 1/2 (at first target)
I've also had problems with taking profits on fast movers, so I've built this habit into my execution routine while I get adjusted to multitasking.
Good job getting out ASAP without falling prey to the "hope" factor!
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Entry looked legit, just didn't work, nice stop for scratch when wrong.