Wednesday, September 10, 2014

SCOK stopped out.

SCOK was a huge gainer yesterday.
I thought I might be able to fishhook it as it bounced at 6.10 and bounced I bought at 6.55 it ran to about 6.90 but couldn't go higher and then sold off- hard.  I kept my stop at the LOD.  6.10 and was filled at 6.08.   < 1/2 R loss

So what went wrong?
Mid-day bounces are the least reliable there was still a lot of pressure on this stock as every one knew it was going to fade.

What went right.  the position size was small due to the increased risk and trading plan was followed.

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