Intraday Scan
Stop: 25.71$ first entry, 26$ pullback
R: -1
What a stupid trade. $LL broke 26 and I got in when the size at .66 offer was taken out. Stop was 5cts, alright so far.
Stock flushed hard adn I got gready. I wanted to build a substatial position below 26$ for a continuation move, since I knew $LL to be a weak name from previous sessions.
I should have just closed the position into the capitulation move...After that, volume totally dried up and what I asumed to be a pullback, was just a grind higher driven by algos hunting stops.
The damage wasn't too big with regards to stock movement. I could handle my average pretty well by scalping around the position. But the fact that I wanted to load up destroyed more $ than necessary.
Execution detail:
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