Shared by
Kelly-Ann_BOWS
got in then saw a large volume bar so added to my short position. waited for the flag to play out to the downside, but it went up so sold out of my position.
even though I made money, still feel that I should have scaled out some shares after the first set of profits. this is apparent on the 3-min chart, but I was only using the 5-min chart at the time.
how do you decide when to take profits? is it silly to take profits and then add shares to the position later? I'm thinking about using this approach in the future.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-07-29 12:27:16 | UTHR | sell | $98.540 | short |
| 2014-07-29 12:35:54 | UTHR | sell | $98.110 | short |
| 2014-07-29 12:56:23 | UTHR | buy | $98.100 | 0 |
Comments
Kelly-Ann_BOWS
kunal00
oh man late to the party tahts why u got issues with the scales!
if hi tthis bad boy at 100 bucks then u can add more shares even after u scale out!
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99.70 was the ideal short spot. Take profit when the stocks moves too far away from EMA. You can always add back later.