Should've waited for the price to get past the clear resistance (chart and level 2) at $7.10. I jumped in as the supply seemed to be thinning quickly and I was anticipating a quick pop and didn't want to miss the move. Controlled risk so trade was a good trade. As long as the risk is as planned and there was a SET (stop, entry, target) plan, the trade is considered a good trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-06 10:15:34 | PXLW | buy | $7.100 | long |
2014-03-06 10:16:09 | PXLW | sell | $7.000 | 0 |
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