After my shorts were rejected, this seemed like it was going to go up with a lot of strength. I longed durring the flag, but not quite close enough to support. It dropped briefly below the EMA and I stopped out, then it ran.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-12 11:14:01 | OPTT | buy | $4.040 | long |
2014-02-12 11:19:15 | OPTT | sell | $3.930 | 0 |
Right, but I wasn't there! I had to put a stop on it, and by the time I came back to my desk it had stopped and then run. I think the key that I have been seeing over the past couple of days is that I need to use a lower size and looser stops when I can't be around to closely watch a position.
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It never broke trend. No reason to sell. Higher highs and higher lows.