Stupid, stupid trade. Was basically looking for anything that had not yet bounced by this point to try and squeeze a quick long scalp out of the market bounce. Got in late, and then it rolled. I knew when I took it I shouldn't have.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-28 15:26:02 | WUBA | buy | $40.230 | long |
2014-04-28 15:45:37 | WUBA | sell | $39.820 | 0 |
To me it looks like the long is on the break of $40 (it tried and failed 4 times before cracking through). It was making higher lows while tapping at $40. Of course in the moment, it's a lot harder to see that :) Given your entry, I might've put my stop at $39.9x as it would've broken through the MA and previous resistance (new support).
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hard to get much of a play this late in the day, but you analyzed it very well.