Shared by
silverholden
I had been watching this since the gap. Very strong morning, so when it broke the MA's I figured it would be good for a quick scalp. I ended up being right, but I got stopped out in the initial chop before it dropped. It went .02 over my stop.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-14 14:01:58 | CRAY | sell | $40.730 | short |
| 2014-02-14 14:05:39 | CRAY | buy | $41.000 | 0 |
Comments
silverholden
Yeah, you know I didn't even hit my max allowable loss on this, I could have put it higher. Usually with whole numbers I go a couple of cents above or below to allow for exactly this case. It has been a rough week and I think I was a little gun shy and averse to looser stops.
Gena_BOWS
Rough week for me too. I lost so much with that week of huge down days (my swings all went south and I got stopped out on all of them, with huge losses). Then I got gunshy to get back in this week, and we rally big time. Dang it. I lost on both accounts!
EL_BOWS
Mike, I do this all the time: past trades affect current performance! Your entry was good here. I know that these are really annoying and you don't need people to comment on it (when you haven't violated your max loss and turn a good entry / shoulda been into a loss), but we're all working through it!
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Hmmm, stop loss too tight then? it didn't violate that price resistance line - would put stop above that trend line (especially when it's also a whole # like in this case)