Daily chart has pulled back and entered on intraday flag. Guess I was too early and placed my stop too close. Maybe I should be trying mental stop instead of hard stops but I probably would have sold anyways because of the next nasty candle.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-15 10:03:42 | DRYS | buy | $3.850 | long |
2014-01-15 10:24:50 | DRYS | sell | $3.800 | long |
2014-01-15 10:24:50 | DRYS | sell | $3.800 | long |
2014-01-15 10:24:50 | DRYS | sell | $3.800 | 0 |
Stock bounce on 20 EMA and u were shaken out.My stop would have been below that 20 EMA.
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You had it. It never broke support.