My first entry on this stock put me at a considerable loss to make up for. I was second guessing myself as soon as I went short with the 9 EMA riding above. I went short 200 shares at 24.11 and 200 shares at 24.17. This was not me scaling in, I shouldn't have entered another short at 24.17. The stock gapped up pre-market which is a bullish sign but the stock faded early in the morning and made a lower high so I was anticipating a gap fill. The 20 EMA held as support and buyers came swarming in. My stop-loss was triggered at 24.54.
Execution detail:
Very true now that I look at it like that it was clearly a buy. I will be posting a note with that question above my computer. Thank you for the feedback, much appreciated.
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Agree with all you said. Just wanted to post a reminder that helps me... Always ask yourself, "what's the name of the setup?" In this one, it seems there was a quick pullback buy then a bullflag on a stock that is not overbought or extended on the daily. I often (way too danged ofter!!) get myself biased on the direction. Making myself name the setup before entry has helped me immensely and maybe could help you too. Or not. ;)