I thought this one had at least some chance of breaking out after it beat the previous day's high, but it started stalling even after it cleared overhead price resistance. I probably should have held it a bit longer, but it could have just dropped to my buy-price stop just as easily. Either way, it was apparent it wasn't going to really break out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-26 14:23:49 | BX | buy | $31.250 | long |
2013-12-26 14:53:50 | BX | sell | $31.320 | 0 |
Bit extended on daily chart. Third up day in row. You have to take that into consideration as well.
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Bit extended on daily chart. Third up day in row. You have to take that into consideration as well.