stop 10.14
target 10.45
R;R 1:2
Only trade for today.. after a day of detention not trading yesterday this is the first thing that happens to me.. so no more.
bought as it was bouncing and crossing 10.25 resistance. 3.5 minutes later I'm wicked out before it continues on to my target and beyond.
I was going to get back in but worried it would just add to my losses.
I'm really wondering how this is possible so many times when I buy it immediately stops me and then continues on.. I have got to start working on my stop loss.. but looking at the chart I feel I had it plenty below the MAs....
Just the wrong entry time I guess... can't come up with anything else..
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-20 10:18:58 | EJ | buy | $10.260 | long |
2013-11-20 10:22:39 | EJ | sell | $10.140 | 0 |
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