Daily looked good, 30 min consol all day after big run, longed with stop -.50 looking for a swing of next leg up and got whipped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-03 09:31:00 | YOKU | buy | $32.090 | long |
2014-01-03 09:44:46 | YOKU | sell | $31.640 | 0 |
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Entry was a chase. I don't think this stock was worth playing because the 52 week high was 32.30 which will be major resistance unless you had a perfect setup leading into the 52 week high. From looking at the daily, don't look like this stock moves that clean.