Just didn't work.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-10 13:48:00 | SCTY | buy | $53.360 | long |
2013-12-10 13:59:00 | SCTY | sell | $53.170 | 0 |
2013-12-10 14:23:00 | SCTY | buy | $52.880 | long |
2013-12-10 14:43:00 | SCTY | sell | $52.690 | 0 |
It really never broke support. It was actually holding up well and was steadily moving up, making higher higher and higher lows.
Really good point, Nape. It means my position size was too high (too much risk) making me nervous about the brief downward spike. Will focus on the process better.
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Looked good intraday. Nice stop.