I entered this because I liked the consolidation on the 5 minute chart around 15 after the volume on the run-up yesterday. I thought this had a chance for a powerful move on the daily if it could break 15, and it looked like a low risk entry. I set my stop at 14.90 just below 9 EMA. Breakout never materialized and I was stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 10:12:36 | RDN | buy | $15.000 | long |
2014-01-09 10:41:02 | RDN | sell | $14.900 | 0 |
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Just a tad early on entry.