Stop is why I lost money, but not a good trade anyway. Not much profit potential.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-24 11:49:51 | WUBA | sell | $44.190 | short |
2014-04-24 11:50:49 | WUBA | buy | $44.280 | 0 |
2014-04-24 12:24:04 | WUBA | sell | $44.260 | short |
2014-04-24 12:28:35 | WUBA | buy | $44.600 | 0 |
You have the right ideas, but like you said, your stops should be put at last price support especially in this market where things are kinda choppy and like to move up and down.
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To me .. you entered in a spot that needed a 75 cent stop. And, as you said ... the profit was only about 75 cents too. Maybe trying to alter stop to get more shares? Maybe not, but that IS what I have done.