Gapper PM looking for the break of the early range at $8.50. I followed Kunal and broke one of my rules of not trying to buy a breakout so far from the nearest support, which was 19 cents away, without confirmation. Especially this early when you don't have a defined target. It popped up to $8.57 for a second, made a doji candle and then stopped me out with a giant red engulfing candle.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-24 09:54:59 | KNDI | buy | $8.490 | long |
2013-12-24 10:09:30 | KNDI | sell | $8.290 | 0 |
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