Shared by
Mari_BOWS
This is a trade I try to learn from.
Setup on daily: PR Breakout
Setup intraday: Flag
Concerns: a lot of price resistance on daily chart.
Stop: $0.21 from entry.
First target: $3.85 ($0.11 from entry).
R/R < 1:1 very bad.
I entered the trade when I thought it started to break out. It tends to go wrong though and I should buy dips instead. The R/R on this was terrible too. While I was in the trade it started breaking down. I thought it might be a Double Top forming and I was thinking of shorting the stock, but I didn't. Instead I waited until my stop loss was hit, because I thought it might still turn up. It turned up and broke out right after I got stopped out. I shouldn't really think of shorting stocks that have PR or good earnings. Instead I should buy the dips!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-19 10:16:00 | CANF | buy | $3.740 | long |
| 2014-11-19 10:50:00 | CANF | sell | $3.550 | 0 |
Comments
Sayed
You could have bought it back later on that 3rd tap.
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Not much you could have done but jump back in the trade.