Play: Break of trend line
Tried to anticipate the trend line break but it didn't. This was bad risk management as I did not put my stop properly. It should have been around 15.10 to minimize the loss and where there was support.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-13 10:56:56 | RTRX | buy | $15.390 | long |
2014-02-13 10:56:56 | RTRX | buy | $15.390 | long |
2014-02-13 11:14:48 | RTRX | sell | $15.000 | long |
2014-02-13 11:14:48 | RTRX | sell | $15.000 | 0 |
Great chart Sayed, looks so obvious once i looked at your chart but totally didn't see that until you pointed it out.
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This bugger got me a touch later. Watch your stop limits, like you said.