should have scaled some at 73 I suppose. I had a target of 74... that may have been a bit too optimistic, but was going off the next resistance on the 30m.
It actually did get to 74... so was my stop too tight?
seemed like a reasonable spot on the 5min chart below the bottom of that flag
R .2 72.10
T 1.7 74
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-28 09:57:00 | SCTY | buy | $72.300 | long |
2014-01-28 10:20:00 | SCTY | sell | $72.002 | 0 |
Stop was not to tight. Play just didn't work. Sometimes it happens like that.
U needed to take the profit specially we had a gap up day and u bought it on a high flag .
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Not a bad attempt.