Bought on PB. Scaled out to take some profit, got out when it was starting to show the weakness.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-15 11:25:51 | CMCM | buy | $27.390 | long |
2014-08-15 12:42:14 | CMCM | sell | $28.350 | long |
2014-08-15 13:29:44 | CMCM | sell | $28.120 | 0 |
Thank you Alvan! It feels good when you have a feeling you are on top of the trade and not the other way around :-) I really start to like the PB set up!
The entry on this trade was not idea. Wait three candle and take it out on the higher higher.
Yeah, I lack patience... but I am actually not sure if I understand when exactly I need to step in in order not to miss it.
You determine an entry base on price action, so the more times a stock test a level. The better chance it has to break that level. In this case it tested 27.50 three times and broke loose on that 3rd candle making a higher high which should have been your entry.
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Man this one had several PB opportunities today. I didn't grab one. Nice job.