really nice entry in this one- althoguh i missed it at 56.30 where I was watching it
very weak stoock
very in play-
pulled back and consolidated then got very tight for 10 minutes allowing me a tighter stop. stop above 24 cents.
missed the coverer- target was 55- got to 55.10 and i was too slow- held it through the day which was very nerve racking and not good from a risk reward standpoint although i did think it could go lower. later in the day when it was testing 55 I covered.
Noticing that when a stock is making a move to a level the first time- particualrly if its a big move like this one- (1 point in 10 minutes) they are much more likely to stop 10-15 cents short so if im scalping be much quicker
this was the correct way to trade a core lot if I was covering other lots into the fist down move but for only having 1 lot I really needed to be quicker getting that cover on the first move then looking to reshort.
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