Shared by
Brutto_BOWS
Stocked gapped up PM then popped at the open. Tried buying the pull back for a break of the opening range. I waited for volume and for the 9 and 20 to cross up but I was late getting in when it finally started to go. It didn't have enough juice in it and the only move was basically to where I bought it. I also didn't put in a hard stop and it ended up costing me nearly double the planned risk. Finally, R/R was off from the start. So a chase, poor R/R and a bad stop made this a poorly executed idea.
-1.72R
-.81%
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-14 10:31:21 | CLF | buy | $23.440 | long |
| 2014-02-14 10:35:43 | CLF | sell | $23.250 | 0 |
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