From watchlist, was looking for weakness from gap down Friday.
Noticed it flushed down into 18.25ish area and bounced back over MAs.
With 1min chart observed a down turn into MAs again so was anticipating another flush but got in too early with no real setup and it found some support at .50 area and stopped me out for a .08 loss.
Again, was bad trade with no setup.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-28 10:06:22 | CAMP | sell | $18.600 | short |
2014-04-28 10:16:02 | CAMP | buy | $18.680 | 0 |
Agree with Nape...if you position size on entry for a stop above recent swing high at 18.80, Your idea played out.
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$16.80 was idea stop.