Play: Pullback to 9ema
Bad area for the stop loss. Should have been 68.20. I need to trust my stop losses and be ok with a trade going against me.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-03 10:50:47 | TNA | sell | $67.930 | short |
2014-02-03 10:50:47 | TNA | sell | $67.930 | short |
2014-02-03 10:52:25 | TNA | buy | $68.120 | short |
2014-02-03 10:52:25 | TNA | buy | $68.140 | 0 |
THIS WAS A GREAT ENTRY! But that stop was tight like Mark pointed out!!! i do the same thing all the time man, need to give it a bit more room to breathe especially in these higher priced share stocks. For a $3 stock a .20 cent stop is huge but for some of these bigger guys it's not that much wiggle room a lot of time. But great idea, you had it!!!
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Good short entry off the bear flag intraday and better yet off the bear flag off the daily. No reason to cover or have a stop where you did.