Shared by
markriehm_BOWS
I watched this one slowly gaining, and took it long. For most of the day it held its 9; when it broke the 9 I exited rather than waiting for it to hit my stop. Lesson learned from MTW earlier in the day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-06-27 12:47:00 | BLT | buy | $14.187 | long |
| 2014-06-27 13:17:40 | BLT | sell | $14.142 | 0 |
Comments
Nape_BOWS
2014-06-29 13:01:29
Notice where it came from..http://screencast.com/t/ZQ58WnNW
Remember, stocks get there strength from consolidation. Stock has made a big move in the past two days; so ideally you want the wait till the stock pullback intraday and consolidate giving you another before jumping in the trade.
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I watched this one slowly gaining, and took it long. For most of the day it held its 9; when it broke the 9 I exited rather than waiting for it to hit my stop. Lesson learned from MTW earlier in the day.