1st trade of the day was my best one. stock flagged and I entered. sold into the spike. then took my eye off it and ended up selling a bit late but still made some of the profits of the 2nd spike.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-23 09:56:50 | PII | buy | $145.920 | long |
2014-07-23 10:18:15 | PII | sell | $146.665 | long |
2014-07-23 11:13:16 | PII | sell | $147.410 | 0 |
On the last sell when it broke $148 making an lower low that is when you should have exited the last few shares.
Agree with Nape .. especially notice that at that spot on the red candle was increased volume indicating a possible short-term reversal rather than a low, orderly pullback.
Thanks guys. Lower low and the volume. Will keep work on keeping that in mind.
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Really nice trade! I can see why you felt that you let the 2nd portion go a bit long and maybe you did just a smidge .. but it's only hindsight that confirms that. At the time, you had to have one of your reasons 2 exit criteria met. Super nice hold (hardest thing for new people to do) to get the real move of the stock.