After an early sell off stock pulled back to the EMA's where I thought it would find resistance. Looking back instead of curling over it consolidated for about 5 bars then moved up. I was stopped out
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-13 10:06:18 | RYL | sell | $42.690 | short |
2014-01-13 10:06:18 | RYL | sell | $42.690 | short |
2014-01-13 10:22:57 | RYL | buy | $42.860 | short |
2014-01-13 10:22:57 | RYL | buy | $42.860 | 0 |
After an early sell off stock pulled back to the EMA's where I thought it would find resistance. Looking back instead of curling over it consolidated for about 5 bars then moved up. I was stopped out
Yes it is. I should not have taken this trade. Looking back I only took it because I had missed (balked) on 2 other better trades. Bad BOY :(
Doesn't look like a day trading stock.
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What is your setup?