Long 500 as it moved higher. Quickly stopped out as wide spread was triggered. Small loss giving back some gains.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-05 11:23:21 | CSIQ | buy | $35.460 | long |
2014-02-05 11:24:58 | CSIQ | sell | $35.380 | 0 |
Ya my entry was deff a chase (In all honesty - I was getting my kiddo ready for school and came back to see it had moved up quite a bit from my last cover.) You're right though - $35.10 would have been a great spot to get in w/much lower risk/reward.
In hindsight I wish I had bought more shares where I made my cover on the trade right before this but morning distractions keep me for trading when I can't focus all my attention. That is why I miss a lot of the early morning moves in the 1st hour of trading.
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IMO $35.10 was idea entry with a stop under $35.