Tried to enter this one after the consolidation B/O, lost a few pennies on the slippage but squeezed what I could get before closing out.
Entered too early and missed the real move. I've got to learn that if I enter off the 2 min chart that the 5 min chart should show the same opportunity. MULTIPLE TIME FRAMES! I think I'll print those words out and post them some where visible.
I was expecting it to run back up after testing resistance on the daily. I guess I shouldn't have done that, huh? Saw it break down through support and pop back up. Thinking that since it was resting on the 9/ 20EMA and VWAP that it would hold. Little did I know.
Daily chart gave no real indication of the move, but after I saw it open strong I waited for an opportunity to enter. I caught the first pullback and set my stop tight since I couldn't tell which way the move would go.
This is one I had to laugh at. I entered it right before Kunal, so when I heard him yell it out, I thought, "Ok, I'm good if he's in it." So I stayed in it even after he sold thinking I was going to get a retest and continuation.
That's what I get for trying to "outdo" the teacher.
I definitely read this one wrong. I though it was flagging, but it may have actually been a 1-2-3 breakdown. Would that be safe to say?
Execution detail:
Yeah, I did. Hanging my head in shame
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U left all those on table!