Looking for the 50 SMA continuation bounce. Set a buy limit of $76 before I left for work, with a stop at $72.30. The stock didn't continue and I got stopped out.
Going in, I thought $75 was a key level of support. Did I have the wrong idea or parameters?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-13 09:31:00 | SOHU | buy | $75.770 | long |
2014-03-13 12:38:45 | SOHU | sell | $72.260 | 0 |
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It was all set to go . Just didn't. Happens.