Shared by
youngcb1_BOWS
Stock broke out and I couldn't catch it early. It began to rest so I entered a long position for a flat top setup with a stop at $34.80. It spiked up near $35.40 and I didn't take profits like I should've. I allowed the stock to drop past my entry and exited my position.
Even thought I saw a setup after the initial break out, I chased this stock.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-03 09:37:24 | PPC | buy | $35.000 | long |
| 2014-12-03 09:57:58 | PPC | sell | $34.830 | 0 |
Comments
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Agree. This was a big chase. Wait for the pullback setup.