This one really made me mad. Was an OK setup and good movement, but i screwed up.
On a BO after bottom bounce. Stalled and pulled back to support at 9EMA. Longed for the continuation of the BO. Got in small and added as the BO got above the previous resistence. Problem is.....i was greedy and hoped for a higher peak and didnt sell anything at the peak. Pulled back and stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-24 13:09:44 | MNGA | buy | $2.090 | long |
2014-03-24 13:16:37 | MNGA | buy | $2.150 | long |
2014-03-24 13:45:55 | MNGA | sell | $2.070 | 0 |
I agree...was def a late entry, but when it pulled back to almost the same level, i figured it was safe to get in. Had i sold where i should of, it would not have been so bad of a trade.
after a bigt morning crack usually that ounce is the short5 squeeze pop that gets shorted after.. as the stock has cracked.. normally u see the pop and then by next day its down 30%
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I think the entry was pretty late. I think ideal is that little green candle off 1.9 about 5 candles before you got it. Of course, easy to say in hindsight.