Shares traded: 4000
Closed P&L: -$104.00
Setup: Pullback Breakout
In at 4.05
Target: 4.15 (High of the day at that point)
Stop: 4.00
~2:1
Got Stopped out.
Thoughts
This stock had a huge bounce due to news/earnings. I thought it was going to be a Pullback breakout. I did not wait for confirmation and got burned and rightly so.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-24 10:03:00 | NEO | buy | $4.050 | long |
2013-10-24 10:12:00 | NEO | sell | $3.990 | long |
2013-10-24 10:12:00 | NEO | sell | $3.990 | long |
2013-10-24 10:12:00 | NEO | sell | $4.000 | long |
2013-10-24 10:12:00 | NEO | sell | $4.000 | 0 |
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Worth a shot, nice stop.