I was a little late on the entry with a 11.40 stop and a 11.55 target, but hit the first scale out nicely. I then raised my Stop to my entry price and stopped out quickly. Even if I had lowered my stop to 11.35, I would have still stopped out on that low dip. +$5 after commissions...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-20 10:10:00 | FENG | buy | $11.450 | long |
2013-09-20 10:11:00 | FENG | sell | $11.550 | long |
2013-09-20 10:17:00 | FENG | sell | $11.450 | 0 |
I was a few minutes late, but it broke resistance at $11.40. Target was 11.55 from the previous day.
mess mess.. also a 15 cent target is no good! no money in that!
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whats the setup?