Intraday looked on failed attempt of gapfill from the gapdown. Great bear flag, Daily looks bullish so thought of passing but missed some great ORB's and wanted to trade something today. Stop of -.25, Target +1. As made lower highs, moved stop at B/E as falling MA's were below and got stopped out B/E. Not a great trade, maybe a B-/C+ at best.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-25 09:57:13 | CRM | sell | $63.650 | short |
2014-02-25 11:02:49 | CRM | buy | $63.610 | 0 |
Luckily you eeked out a small gain. We should never be taking anything but A+ set ups, that being said i get myself into some God awful positions at times but they looked good to me at the time and i want to hit something. Only thing i can tell you, which you already know, is when in doubt, stay out!
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I am making similar mistakes. I get so wrapped up in making a trade, after i missed easy setups, I find stocks with C- setups and end up getting stopped out.