Bought/Sold 250 TCK.B.TO @ $34.10/$33.68, Loss -1.2%

What I thought would be an intermediate term hold turns out to have lasted mere minutes. I bought Teck Cominco (TCK.B.TO) after a small bounce at \$34 support during lunch today. Figure 1 shows the clear support level. Also note the fact that my recent shorts haven't been working, so I thought I would go with the flow and go long. [caption id="" align="aligncenter" width="570" caption="Teck Cominco (TCK.B.TO)"][][][/caption] However, the market edged lower almost immediately after my long entry (something I haven't done in a while). TCK cracked the \$34 support swiftly to \$33.80, my mental support. My alert was sounded and I kept an eye on it afterward. But then not long after \$33.80, my hard stop at \$33.70 was filled and TCK traded down to \$33.66 or so. It has now stabilized around \$33.80 as of 2pm. Figure 2 shows the intraday chart of TCK.B.TO. [caption id="" align="aligncenter" width="570" caption="TCK.B.TO intraday chart"][]1[/caption] Loss for this trade is (\$33.68 - \$34.10) * 250 = -\$105 - \$4.95 * 2 commission = -\$114.90 = -1.2% of account. My account is now experiencing a 3.4% drawdown since the high on June 8th. I can't help but feel that this was a stop hunt. TCK is creeping higher at the moment. However, as my initial position was stopped out, I am not going to re-enter this trade just yet. Let's see what it does near the close today. I am labelling this particular trade as a bad trade because my stop was clearly too tight based on the time frame that I am observing. I should have reduced my position size and widened my stop to account for the recent volatility. Update: TCK gapped down 7% the day after. At least my exit was timely.