a little extended on the 5. I have a rule that three candles is a chase.. so technically I broke a rule and chased this one. Should have waited for to to retest the breakout spot.
I also probably should have had my stop closer to the breakout spot instead of under the MA since I didn't buy it at the MA bounce I was buying the breakout.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-04 10:25:15 | OWW | buy | $9.820 | long |
2014-03-04 10:50:00 | OWW | sell | $9.720 | long |
2014-03-04 10:50:01 | OWW | sell | $9.740 | long |
2014-03-04 10:50:19 | OWW | sell | $9.730 | long |
2014-03-04 10:50:39 | OWW | sell | $9.730 | 0 |
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Agree with you. this was a chase.