Swing trade: Due to my 9-5 job I set my buy limit with stop before I go to work. I don't have access to live charts during trade hours.
Another bounce play that didn't work. This time off of the 20 SMA.
Buy limit at $101.50, with a stop at $101.10.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-10 09:41:02 | WDAY | buy | $101.460 | long |
2014-03-10 10:34:12 | WDAY | sell | $101.090 | 0 |
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you gave the less than half a percent for a stop. Way too tight. Your entry is good but you can't expect to give something a 0.39% stop loss and win, lol, it just isn't going to happen. You gotta widen your stop and shrink your position to account for the additional risk. This stock can move $10-11 in a single day so trying to get away with a 40 cent stop is just not gonna work.