I was watching this for a trend break on the daily. It happened, but I had too much other stuff going on and missed my entry. Instead of passing I bought high, and put myself at too much risk. I made this literally about 8x worse than it should have been because I got distracted by another position I was watching and didn't set my stop immediately. By the time I got back to do it (a minute or two?) this had dropped way out of my comfort zone. While I stared at it in shock for about another minute it dropped like a rock. I pulled the handle and got out at almost the worst possible point. It the shot right back up past 30 (green point) which was my target for a re-entry when this recovered as I deemed the setup still valid. It moved quickly, and I was not ready, so I chased it again and ended up in much later than I wanted. I made back almost everything I lost on the opening debacle (down $3.51 in the end), but would have been green if I hit it at 30, and would have been really green if I hadn't screwed up the first entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-18 09:56:43 | AMBA | buy | $30.550 | long |
2014-02-18 10:01:23 | AMBA | sell | $29.880 | 0 |
2014-02-18 10:03:31 | AMBA | buy | $30.330 | long |
2014-02-18 10:03:32 | AMBA | buy | $30.250 | long |
2014-02-18 10:03:32 | AMBA | buy | $30.250 | long |
2014-02-18 10:03:32 | AMBA | buy | $30.250 | long |
2014-02-18 10:43:04 | AMBA | sell | $30.680 | long |
2014-02-18 10:43:04 | AMBA | sell | $30.690 | long |
2014-02-18 13:18:18 | AMBA | sell | $30.980 | 0 |
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