Shared by
cyZ
B B approaching full gap fill down to YH 8.22
3 nibbles getting in. Too aggressive, much better RR would have been to wait for that 5M doji and the high vol leading up to it as signs of potential exhaustion.
Over aggressive entry made hanging on for more upside difficult.
x1: cover risk at 9MA, struggled with wait for 20MA
x2: exit partial, 8.85 HOM, 8.84 was AMSL; Had been offering 8.88 but it came off the HOM very sharply
add1, add2: looking for bo of this flag, could go either way, buyers slight edge, but need to get over 8.70; looking for move above 8.85 up to 9.00
add3: chased this after breaking and holding above 8.70, hesitated on .71, chased .73
flat: rolling over, volume picking up
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-08-11 13:07:28 | MNKD | buy | $8.570 | long |
| 2014-08-11 13:10:04 | MNKD | buy | $8.480 | long |
| 2014-08-11 13:13:15 | MNKD | buy | $8.450 | long |
| 2014-08-11 13:30:16 | MNKD | sell | $8.570 | long |
| 2014-08-11 14:12:54 | MNKD | sell | $8.770 | long |
| 2014-08-11 14:43:47 | MNKD | buy | $8.670 | long |
| 2014-08-11 14:46:55 | MNKD | buy | $8.680 | long |
| 2014-08-11 14:58:39 | MNKD | buy | $8.730 | long |
| 2014-08-11 15:14:38 | MNKD | sell | $8.690 | 0 |
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Careful adding to a losing trade. Let the stock setup and coil before adding to position.