SYMBOL: FIO
Position Size: 100
Max Loss: $25
Entry Price: 10.70
Why:
Stop Loss: $10.45
Why: under moving averages. near low wick.
Target(s): 11.08 area / 11.21 / 12
Why: previous resistance on the daily chart / HOD / high of previous gap down.
Exit(s): 10.92 / 10.99
Why: I was trying to stay in this position as it kept grinding higher. I was essentially "shaken out" on both of my sells because it looked like it was going to crack.
Reasons For Taking the Trade: bought on pullback. broke above the 9EMA and VWAP which were at the same level.
Reasons Against: Volume pattern could have been better.
Execution detail:
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