Setup: LOD breakdown
Many stocks at this point in the day started to fade off. The price approached the LOD and it did crack it, so I made an entry when it pulled back briefly to the breakdown spot. Unfortunately, a few minutes later it pulled back to my stop.
I think I had the right idea. I guess I was almost an hour too early.
Only losing trade of the day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-15 11:06:38 | QIHU | sell | $86.610 | short |
2014-04-15 11:22:10 | QIHU | buy | $87.050 | 0 |
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It was being so damn stubborn. It just wasn't ready at the time.