Shared by
foldelinio_BOWS
684.42M float/1.00%/84.40% institutionals
playbook: earnings + sales increase + gapping above long term highs + gapping above 100$. Huge float, so I don't expect too much momentum. Will be a nice play to trade off of intraday levels
Stop: 102.65$/ second trade 102.90$
R:-1/-3
Wow, what an idiot trade. Stock held VWAP nicely after the morning fade and I stalked it. Timing on the first trade was totaly of and I chased like a champ on the second one and got burned hard. I even added into it as soon as it broke above 103$
I just should avoid the bigboard stocks. I'm not goo enough to trade them.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-20 11:21:38 | NKE | buy | $102.830 | long |
| 2015-03-20 11:34:30 | NKE | sell | $102.690 | 0 |
| 2015-03-20 11:50:59 | NKE | buy | $102.985 | long |
| 2015-03-20 11:51:06 | NKE | buy | $103.030 | long |
| 2015-03-20 11:52:39 | NKE | buy | $103.080 | long |
| 2015-03-20 11:54:01 | NKE | buy | $103.000 | long |
| 2015-03-20 11:54:07 | NKE | buy | $103.000 | long |
| 2015-03-20 11:55:01 | NKE | sell | $102.780 | 0 |
Comments
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I see what you were looking at here but for a stock that has gapped up like that at that time of day is sometimes questionable to which way they go. I found that if you look at gappers between 10 am and 1030 am EST, they usually have a decent dip and you can find good entries for those.,