Shared by
Jerry_C_BOWS
At this time, stock didn't have much range. Good vol, just wasn't moving. Bought in on small bull flag. Regret taking 1/3 scale instead of half.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-06-11 11:35:27 | NEON | buy | $4.140 | long |
| 2014-06-11 11:47:38 | NEON | sell | $4.210 | long |
| 2014-06-11 12:22:38 | NEON | sell | $4.140 | 0 |
Comments
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Good entry on the bear flag, and really nice sale into the spike. One suggestion is that you might have wanted to get all out when it failed to make a new high just after noon (on or right after the 2nd red candle, about 12:15). Usually a lower top means it's going down, and it might come back higher, but chances are low that it will.
Of course, it's always easy to see this stuff in hind sight, so take with a grain of salt. But I've learned to treat almost any lower high as a negation of an uptrend, and almost any higher low as a negation of a downtrend. I'm learning to get all out on signs of weakness, and then re-evaluate it 1 or 2 candles later, to see if there's reason to get back in. It's a little chicken, but it's helped me miss being on the wrong side of some spikes..