1st trade of the day and I was waiting for it to break range to enter.
Got stopped out
I've seen stocks that look like this that continued to go up - what was the difference in this one?
Trade didn't work because I didn't look at the daily chart for resistance: sitting right at 20sma with plenty of resistance overhead,
It did break over the 20sma and that should have been support, but it broke that price support which I should have been aware of.
I did a great job of managing risk.
300 shares -$33
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-18 10:03:42 | EDU | buy | $29.200 | long |
2014-03-18 10:09:42 | EDU | sell | $29.090 | 0 |
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