Shared by
Spartan_Trader
After run-up at the open it faded below ema's and was cracking the vwap. I took a position and added more as it continued to lose ground as I watched level II. Was stopped out as subsequent candle ripped thru the ema's, triggering my stop.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-13 12:25:11 | KERX | sell | $15.481 | short |
| 2014-03-13 12:25:13 | KERX | sell | $15.500 | short |
| 2014-03-13 12:31:24 | KERX | sell | $15.450 | short |
| 2014-03-13 12:45:06 | KERX | buy | $15.580 | 0 |
Comments
KeithL_BOWS
You have the same problem as me today. Tight stop caused me to miss the HUGE play. I feel your pain.
mirko_BOWS
And if I might add you should have a stop loss a bit more looser since you can clearly see from the couple of candles before that it often pierced through the EMA. But not a bad trade since your mind was in the right place!
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Look at that candle after u stopped. Ugly reversal candle. Just because it went that EMA by 1 candle does not mean anything. Wait for next candle and reassess. This quiet common, they will fake u out with 1 candle.