Shared by
jmos_BOWS
Play: Triple tap/flag
Gapped up, opened strong but wasn't a clean mover. Tried to get in after the tight consolidation of ra rip higher. When it was stalling at HOD, i took some off but sold too early and didn't wait for the HOD to sell. Stopped out rest as it was just a grinder and would not hold its break out.
Not a good trade as I sold out of fear that it wasn't ripping right away past HOD. And being a choppy market and not a clean mover, I took some off but should have respected plan.
Reason to sell:fear it doesn't make HOD, time, need to wait for target especially when HOD is clear from resistance.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-17 11:30:12 | CLDX | buy | $18.300 | long |
| 2014-11-17 11:35:50 | CLDX | sell | $18.400 | long |
| 2014-11-17 11:36:22 | CLDX | sell | $18.470 | long |
| 2014-11-17 11:42:34 | CLDX | sell | $18.300 | 0 |
Comments
kunal00
Come on man there is no honor in playing for pennies there is no reasonable stock reason where you can justify saying it didn't hit Hod and go so I sold
I did the same thing on the stock a couple times and it's bullshit you B by a stock use set your stop you have a target can you let the stock play out
jmos_BOWS
I totally agree. Stop should have been around 18 and and should have waited for the break out especially for triple tappers which are powerful movers and are the big winners! My bad on that one
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Yup triple tapper..http://screencast.com/t/GypaayAtCK