I entered on pullback. I made sure it held the 9ema before entering. I set my stop loss just below that 2nd green candle (I figured that if it dipped lower, I wouldn't know how far it would pullback in order for the set up to be valid).
Scaled out and such. Ended up getting stopped out at my buy price.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-20 09:46:23 | YGE | buy | $5.831 | long |
2013-09-20 09:46:23 | YGE | buy | $5.830 | long |
2013-09-20 09:46:23 | YGE | buy | $5.833 | long |
2013-09-20 10:05:31 | YGE | sell | $5.960 | long |
2013-09-20 10:05:33 | YGE | sell | $5.960 | long |
2013-09-20 10:05:33 | YGE | sell | $5.960 | long |
2013-09-20 10:12:33 | YGE | sell | $5.930 | long |
2013-09-20 10:33:34 | YGE | sell | $5.850 | 0 |
Thanks Kunal. Honestly, I'm still not sure at times whether to set my stop at my buy price or to set a trailing stop. I'm 50/50 really
me too man.. im conflicted!
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aah good management on the trade...