Shared by:
ToqueX
Grade=D
The setup: pullback to support.
The result: I was operating on the idea that the 10.00 support would hold and volume and momentum would come back in to send this momo stock up toward 10.60 and possibly 11.00. It seemed like a reasonable idea, but volume was diminishing on the daily and this sort of move was becoming a lot less likely. The 10.00 level cracked and it would have made a good short.
The lesson:
Execution detail:
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