Opening range breakout. I was influenced by the fact that this thing shook me out yesterday and then ran like crazy. No go. Waited to check for a 9ema bounce but it broke through easily and violently.
Stock was probably overextended both on the intraday and on the daily. The stock was already up pretty big for the day so should have scaled out on the 50c pop.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-07 09:43:44 | DECK | buy | $89.870 | long |
2014-01-07 10:05:46 | DECK | sell | $89.010 | 0 |
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Entry should have been 88.50ish as resistance now becomes support...http://screencast.com/t/pHpWcDOgGmSG