Shared by
chadcrouse
Watched this stock move up this morning and didn't trade after my first trade, then watched it move back up 5 points this afternoon before getting in for break of HOD. pulled back and I was down big. Added to my position to lower avg which isn't usually good. Stock consolitdated trying to break HOD but didn't. Got one final bounce and I got out 400 shares at 16.60 and when It wasnt filling the rest of my order I canceled and bailed on bid for balance of shares. Thank goodness for that because shortly after it dropped like 1 point.
should have been trading on way up instead of sitting on the sidelines. It worked out but was shaking by the time I got out of the trade for +95. Need to trust my instincts. I saw all the moves before but didn't pull the trigger.
Grade C (too risky and almost lost big)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-08-16 15:36:17 | PSTV | buy | $16.600 | long |
| 2019-08-16 15:36:17 | PSTV | buy | $16.600 | long |
| 2019-08-16 15:36:17 | PSTV | buy | $16.600 | long |
| 2019-08-16 15:36:17 | PSTV | buy | $16.630 | long |
| 2019-08-16 15:39:36 | PSTV | buy | $16.315 | long |
| 2019-08-16 15:40:18 | PSTV | buy | $16.070 | long |
| 2019-08-16 15:44:19 | PSTV | sell | $16.600 | long |
| 2019-08-16 15:44:22 | PSTV | sell | $16.540 | long |
| 2019-08-16 15:44:22 | PSTV | sell | $16.540 | long |
| 2019-08-16 15:44:22 | PSTV | sell | $16.540 | long |
| 2019-08-16 15:44:22 | PSTV | sell | $16.530 | long |
| 2019-08-16 15:44:22 | PSTV | sell | $16.520 | long |
| 2019-08-16 15:44:22 | PSTV | sell | $16.480 | 0 |
Comments
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Lucky you were able to get out of the trade before it rolled back over!
Jumping in late on High of day breaks are risky, especially in the afternoon on a Friday! By that time lots of traders log off and momentum isn't in your favor. Be safe!