Tried for the pullback to 9 EMA, the VWAP was very close too. Got out once it didn't hold.
$-111
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-25 10:18:53 | GALT | buy | $17.830 | long |
2014-03-25 10:43:38 | GALT | sell | $17.460 | 0 |
That is a loose stop. U needed to bail out as 17.65 area.
Ya what @Nape said. It didn't touch the the 9ema or vwap until 15 minutes later. If you were going to hit it, then that was your entry. I disagree with Sayed. Looks like your stop was correct@ 17.43, however your entry was wrong, should've been 17.65 max.
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Have to consider the run it just had. Needs time to rest. Wait for a setup before buying.