Held it to long thinking it would reverse. Bad decision.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-07 14:15:34 | VRS | buy | $4.820 | long |
2014-01-07 15:05:24 | VRS | sell | $4.420 | long |
2014-01-07 15:05:24 | VRS | sell | $4.420 | 0 |
The play was probably in the morning as 2nd day continuation, otherwise, it would be tricky to trade friend.
40 cent stop is lose my friend. That is the short spot..i entered this thing short in the 4.7s a few minutes later. Big breakdown. dead cat bounce. first crack of support equals flush
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i can see why you entered it there though - looked like it was resting, and was goint to break that little flag, but then it went south instead. I can also understand where you stopped - you waited until it violated the ma's before doing so.