Broke out the previous day and I was looking for a continuation. Flagged during the open and I bought right above the 9 EMA. Flushed right after I got in, bounced back a bit so I sold some off to take some risk off the table as I thought it probably wasn't going to go. I got stopped out when it flushed the second time.
Stop: 2.80
Target: 3.20
Reward to risk: 3
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-07 09:52:24 | SCON | buy | $2.920 | long |
2014-01-07 10:26:32 | SCON | sell | $2.930 | long |
2014-01-07 10:55:57 | SCON | sell | $2.790 | 0 |
Yeah I should've realize it wasn't going to go as it opened pretty weak
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can't buy this... here no setup.. u got to let it dip and go red to green or open strong base and then take out previous days highs