Play: Break out on daily
It had a nice red to green play but there was resistance at 18.20 from previous 52 week high so waited for it to break to get in. It then flushed out of nowhere and got stopped out.It also was the 3rd green candle at that point, should have waited for it to consolidate before getting in.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-02 09:45:00 | PEIX | buy | $18.193 | long |
2014-04-02 09:45:00 | PEIX | buy | $18.197 | long |
2014-04-02 09:46:07 | PEIX | sell | $18.090 | long |
2014-04-02 09:46:07 | PEIX | sell | $18.090 | long |
2014-04-02 09:46:07 | PEIX | sell | $18.080 | 0 |
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