got in this stock late. still made profit , i got out early because i had a meeting so i just took small amount of profit. i should have shorted at 11.80
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-26 10:05:54 | IQNT | sell | $11.600 | short |
2013-11-26 10:41:34 | IQNT | buy | $11.360 | 0 |
Never want to chase a stock after being down 5 red candles in a row. You could easily get squeeze and lose a lot of money.
agree with all of the above. you can learn a valuable lesson here and you have actually made money. 99% of the time it is the other way around.
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Be careful your entry was a chase and the stock was extended. You need to buy it when it flags under the 9ema, taps it, or pops over it but cannot hold it (9ema on 5min chart)