"FB gapped up over the all time high resistance at 59.55. That is a great set up for succesful trade.
FB opened at 60.98 and that is where I put my stop. I bought at 61.36.
The stock took out my stop so I sold. I sold it at 60.66 because of broken opening gap. However, the stock hold 21 SMA and the stock rely to 62.44. I think I might have bought a little bit early (8min after opening). I shlould have wait a bit to see the pattern developing. I bought while small wedge was setting up which broke to downside (my stop) and created a bigger coil which broke to upside.
If I had a better entry, I could have make nice trade on this one."
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-30 09:38:00 | FB | buy | $61.360 | long |
2014-01-30 10:19:12 | FB | sell | $60.660 | 0 |
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