Flag and pullback to support. Dropped back to 20MA and longed for a BO. Didnt have my target set very high, so i had tp keep stop close. Unfortunately it was toooo close. and got stopped out just before the BO. In hindsight, stop should have been around 61.80....the level of the PB of the previous BO.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-24 15:09:56 | SCTY | buy | $62.240 | long |
2014-03-24 15:11:02 | SCTY | sell | $62.070 | 0 |
Yes...was a little bit of anticipation, bought as it was bouncing off 9EMA, but should have waited for 20MA.
Its that fear of missing the BIG pop when it finally bounces caused me to get in toooo early.
Yeah anticipation has bit me often. I still have to fight it (and don't always win).
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Not quite a setup. Let the bounce take affect before entering.