Stock broke out of a nice lunch time flag and then pulled back to the 9ema. Plan was to buy as it broke out/bounced and go for and EOD run. It went as I was getting set up so I ended it up chasing it which gave up a lot of the cushion for my stop. Stop was under the candle and wouldnt be able to hold a pull back to the 9ema. When it started to look ugly the plane became to sell half for at least a little profit of to get out flat but I waited too long so I ended up bailing early on the ugly red candle. The plan was good but the execution was force so therefore bad. A better entry would have given a stop that could have held for a nice .35 gain or so.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-10 14:16:55 | FRAN | buy | $22.390 | long |
2014-01-10 14:28:56 | FRAN | sell | $22.260 | 0 |
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