Swinging for a breakout. Did I set my stop too low?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-21 09:31:00 | WWE | buy | $24.710 | long |
2014-02-26 14:13:18 | WWE | sell | $23.080 | 0 |
The setup I was playing was a continuation of breaking through the $24.80 area. Are those setups typically poor for swing trading?
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if ur swinging for the rekaout u need to get it inthe consoldiation
try to get close to the 22-23 area and set ur stop under 22