Thursday, February 23, 2012

DSX: Stopped out

Stop hit at $8.96.  Traded as low as $8.80.   
I rushed into the trade before the down move was finished and hoped for a snap back.  That didn't happen.

Stopped with a small loss just a few cents of slippage.  I could have held a wider stop with fewer shares and kept the R the same.  Or, I could have increased R beyond to at least 1 R to allow for a .70 stop.   It now looks like a reversal bar as it traded positive stopping me out.

I had a plan and I traded it.  it didn't work this time but the damage was minimal.

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