Shared by
tombro
Early exit 15.74
Setup: Base Breakout & Flagging at yesterdays consolidation high and started being pushed up by MA’s and VWAP.
The idea worked, though I would've had a better entry 15 minutes later, and after I got in, the nature of how it was moving bugged me so I got out early
Where are EMA's: pretty close underneath
EMA's-Direction & details: both moving higher
Time Frame Alignment: very extended on the daily, but former mono attacking highs
Volume: crappy gappy trade on stock with too little volume,
Market action-Spy-Sectors-stock: bios hot
Stop: 15.44
Target: 16.98 (I pulled this out the air- I wanted to see what it did @16
R/R: 14/149
Are Stop/Target proper: Target too far and never re-addressed
Reasons for exits: Thin jerky movement made me nervous
12464/20
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-17 10:15:45 | LJPC | buy | $15.580 | long |
| 2014-12-17 10:43:56 | LJPC | sell | $15.740 | 0 |
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