Shared by
stormstocks_BOWS
Mistake: Stock hit my stop and I waited for it to turn around but it pulled back even more.
There was a better entry 10 minutes before where stock was retesting the opening gap. And it pulled back to it gently. I did not get into it because I missed it so I waited the run up from that level to pull back. It did on low volume to 21 EMA. I bought but the stock could not get running again (also the angle was very shallow and that was already big warning sign) and I should have sold it as soon as my stop broke. This would be ok , it would be just trade that did not work probably because of not enough volume and bad market. But the fact that I hold on to it is just not making any sense.
Set up: Yes
Stop: 23.24
Would I make this trade if real money:? yes
Clean chart;? yes
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-28 12:42:06 | INVN | buy | $23.280 | long |
| 2014-03-28 12:42:09 | INVN | buy | $23.290 | long |
| 2014-03-28 12:42:30 | INVN | buy | $23.290 | long |
| 2014-03-28 12:42:30 | INVN | buy | $23.270 | long |
| 2014-03-28 13:15:54 | INVN | sell | $23.030 | long |
| 2014-03-28 13:15:54 | INVN | sell | $23.030 | long |
| 2014-03-28 13:15:54 | INVN | sell | $23.030 | long |
| 2014-03-28 13:15:54 | INVN | sell | $23.030 | 0 |
Comments
stormstocks_BOWS
Yea, 10 min ago it would be much better as it was retesting opening gap
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No intraday setup to long it.