061307 - SAPE - 15mins - Loss*Paper

Symbol: SAPE
Type: Long
Entry: The 10th bar
Exit: The 11th bar
Result: Lost -0.62%

• I saw that Hammer on the 9th bar thinking that the prices might just ride along the rising 5eMA
• I entered at the beginning of the 10th bar, and set my Protective Stop to the low of the 8th bar
• My Protective Stop triggered when the prices touched my pre-defined level, and the prices of the stock later went North for a bit.
  

My question of the day for my Viewers is... where would you have set the Protective Stop?