Shared by
Spartan_Trader
No setup. I didn't check the daily before taking this trade. I read about FB on twitter while I was looking for ideas, I and pulled up the chart. It was nearing the hod, 9 ema converging below. I Hesitated to take the trade because besides seeing that it could take out the hod, I didn't have an intraday setup.
I had a mental stop at 71.05 for a .16c risk, but didn't take the loss until 70.99
Awful trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-24 12:11:46 | FB | buy | $71.210 | long |
| 2014-02-24 12:21:58 | FB | sell | $70.997 | 0 |
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Like you said no setup. Entry was a chase.
Idea entry..http://screencast.com/t/esbzYvOIwE