Shared by
VasoBOWS
$-72.00 - EGHT had a big gap up in the morning. It started to consolidate sideways on much less volume and I thought another flag was developing, but it never did and I got stopped out. I need to add some extra cents onto my stops because I'm always so close to not getting stopped out, but then I do get stopped. Still happy that I'm managing my risk effectively to not lose my shorts.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-09-18 11:36:54 | EGHT | buy | $10.360 | long |
| 2013-09-18 11:36:54 | EGHT | buy | $10.360 | long |
| 2013-09-18 11:36:54 | EGHT | buy | $10.360 | long |
| 2013-09-18 11:36:54 | EGHT | buy | $10.360 | long |
| 2013-09-18 11:36:54 | EGHT | buy | $10.360 | long |
| 2013-09-18 11:36:54 | EGHT | buy | $10.360 | long |
| 2013-09-18 11:36:54 | EGHT | buy | $10.360 | long |
| 2013-09-18 11:36:54 | EGHT | buy | $10.360 | long |
| 2013-09-18 11:36:56 | EGHT | buy | $10.370 | long |
| 2013-09-18 13:50:26 | EGHT | sell | $10.290 | long |
| 2013-09-18 13:50:28 | EGHT | sell | $10.290 | long |
| 2013-09-18 13:51:25 | EGHT | sell | $10.290 | long |
| 2013-09-18 13:51:25 | EGHT | sell | $10.290 | 0 |
Comments
VasoBOWS
When you say "let the 9ema catch up with the candles" do you mean give time for the 9ema to settle under the candles as support? I now see what you're saying about the poor entry since I entered in under the 9EMA instead of above it. Thanks. That helps a lot!
Nape_BOWS
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entry could have been better.. if you would have let the trade develop a bit more and let 9ema catch up with candles then you could have gotten a better entry.