Put on partial position on flush. Target was VWAP on 5 min (+.45), stop was under intraday low. As bounced move stop to B/E and at +.43 moved stop to +.20 and got hit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-17 10:54:14 | WBMD | buy | $36.380 | long |
2013-12-17 11:05:10 | WBMD | sell | $36.580 | 0 |
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Whoa! I don't understand what you did here but I like it a lot. Great entry!
My biggest concern here is no scale out! You had such an amazing stop, so your R:R must've been phenomenal. If you cut position size to 1/2 and then let the rest ride, you could've made a dollar on his baby. Remember to scale out, my man. .20 doesn't seem like much but it adds up and those small profits do wonders for your self-esteem.
Great find!