Friday, November 28, 2014

Closed EYES

EYES.  I thought this had potential to stage a scent reversal after a range contracting day.  It decided that more selling was in order.  A reminder of why stop losses are so important because EYES would drop quickly. Kept the loss at 1% of equity despite slippage.  In the future, I need to wait for more contraction on the IPO trades.

Entry (avg) 18.04
Exit 16.50

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