rfe: bear flag, r 12.25, sto,
stop $12.25
target $11.90 bear flag r 12.25
concerns: 2 tfta, slide slowing for the day
bought .15 away from r proper entry was 12.7 or 12.4. chase. could have had $100 in profit, stopped out instead. greed.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-03 13:27:28 | UVE | sell | $12.110 | short |
2013-12-03 14:03:41 | UVE | buy | $12.200 | 0 |
Agreed, I was hesitant to get into positions today, and when I did, the moves already happened.
This thing looked primed to come in, good entry, but your stop was under resistance. Try a smaller position to keep stop above resistance.
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I was in the stock as well, my stop was 12.20, but it just tapped it...then it showed weakness by not being able to hold over the 9ema (5min) so I stayed in
Your entry looks like a chase. you could've easily caught this @ the top of the red candle @ 12.20. Minus the quick pop over the 9ema (5 min), the stock was making lower highs for an hour and a half. http://www.screencast.com/t/pEYetMQG