Felt left out and wanted to join the party. You know how that always turns out. Felt the setup wasn't terrible, but the fact that it had a huge run up should have made me think twice. Very small position limited the loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-18 11:07:30 | VIPS | buy | $54.220 | long |
2013-09-18 11:07:30 | VIPS | buy | $54.210 | long |
2013-09-18 11:21:33 | VIPS | sell | $53.700 | long |
2013-09-18 11:21:44 | VIPS | sell | $53.650 | 0 |
You unfortunately joined the party when all the amateurs are passing out and puking. The cool kids came at 1:00 for the after party!
Big chase, but i like the stop, much closer to just under support.
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man u cant buy this! its way to hnigh.. a 1 candle pullback is not a pullback setup...