Intraday flag breakout. Entry on this was too high which required me to have my stop too tight. If entry was around $7.30 a $7.00 stop would have been the same amount of risk AND given me the ability to add when it ultimately blew its top. This should have been taken with size, at the correct price, and been hammered on the breakout. This kind of setup does not show up often so I need to capitalize when it does! this should have been a $3k trade.
300 shares
-$45.00 (-4.20%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-06 12:07:19 | PXLW | buy | $7.450 | long |
2014-03-06 12:10:59 | PXLW | sell | $7.150 | 0 |
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Dang man, i see you based your stop on your entry and not support. I tend to get punished when i do that. Had the quick shake but bounced right at that support. This play was sick!