Shared by
jakeh_BOWS
noticed the lower high at 11 so i shorted when it tighted up. should've held longer.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-08 11:38:00 | WDAY | sell | $83.950 | short |
| 2014-12-08 11:57:00 | WDAY | buy | $83.440 | short |
| 2014-12-08 12:15:00 | WDAY | buy | $82.840 | short |
| 2014-12-08 12:17:00 | WDAY | buy | $82.970 | 0 |
Comments
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Jake, one thing that has been helping me lately is that if the stock is still making lower highs, it helps me fight the urge to take profits early.
Also your first partial is a perfectly logical place to take a partial, and I woulda too, but after today I think I might let the 1st portion play out a little more like I do my final portion.
After you got in, this didn't make a higher high till 9:25 at $82.81
(although it didn't close over the previous high, so you might have been able to stay in.)
The next higher High was at 1pm at 82.50
This lower high thing is kind of a Jedi Mind trick to let your winners run
THEN...If you could survive the 12:55 to 1:25 pullback (which you very well may have on your last unit, depending on what you were using as your stop), it started making lower highs again from 1:25 til 2:15 at $81.72.
Squeeesh, squeeesh, squeeesh, squeeesh...
That's the sound of you milkin profits outa this puppy.
haha