Squeeze type play. Big pop through the VWAP on OK volume. Bought when it came back in a bit for a decent entry. THat would be its only appearance above the VWAP for the rest of the day. Stop was at the bottom of the candle at the 9ema but for some reason I held as it broke that looking for a bounce that wouldn't come. It's not a big deal that the breakout didn't work and it;s also not a big deal to adjust a stop if it makes sense but this time there was no reason to hold it after any kind of failure of support. Kept it within my max loss rules but still not right.
R/R 1.8/1
-1.6R
-2.53%
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-04 13:45:55 | BEAT | buy | $9.480 | long |
2014-02-04 13:56:32 | BEAT | sell | $9.240 | 0 |
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