Daily momo mover. Long at B/O of ORB as volume came in on confirmation. Stop -.30 under rising MA's and under B/O T/L. Target +30, +.50. I made 2 mistakes, i chased the entry (although on my screenshot at entry it looked spot on) and i had my stop AT support instead of under it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-30 09:59:46 | RMTI | buy | $11.470 | long |
2013-09-30 10:07:20 | RMTI | sell | $11.190 | 0 |
A bit chased entry, the perfect entry was at the ORB at around approx. $11.30
I don't know.. I liked that he waited for it to pull back and then bought when it broke the previous high. I would have probably set stop at 11. That seems far but it was at the previous low... or maybe right above it.. to prevent the stop out of just testing and dipping slightly below the breakout.
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I did the SAME thing today putting a stop AT support instead of one or two pennies below it. ONE PENNY stopped me out and took out $200 or so in profits.