I was stopped out at 193.49. It may have been better to use a lower stop trigger price, but:
1. I wanted today's candle to NOT dip below the SMA50 line and yesterday's low again, showing more relative strength, support, and a trendline bounce at these levels.
2. I stuck to the level of risk i defined at entry.
Not only did this trade not work out, but I've also closed my entire long-term position in this stock - I've been accumulating since January-2015 :) . Huang's recent insider selling, and the limited price appreciation following last quarter's beat and raise, have compelled me to look for better alpha / a faster race horse.
Trade closed: stop reached
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1. I wanted today's candle to NOT dip below the SMA50 line and yesterday's low again, showing more relative strength, support, and a trendline bounce at these levels.
2. I stuck to the level of risk i defined at entry.
Not only did this trade not work out, but I've also closed my entire long-term position in this stock - I've been accumulating since January-2015 :) . Huang's recent insider selling, and the limited price appreciation following last quarter's beat and raise, have compelled me to look for better alpha / a faster race horse.