Shared by
youngcb1_BOWS
Pullback break out on the 1 minute chart. Entered a long position. Mental stop at 54.20. Scaled out once and then exited my position after during the extended candle.
The stock hit resistance and I thought that it was resting only to spike up so more. So I entered again after a small pull back as it started to round on the 1 min chart. The 5 min. chart showed that it was extended and needed time to rest and possibly pull back, but at the time I wasn't looking at the 5 min. Once the stock went against me by 11 cents I exited.
Re-entered again when I shouldn't have. This time I didn't really have a stop and the stock hit resistance and dropped. I exited and gave most of my early gains back because I was looking at the wrong chart.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-23 09:37:14 | LULU | buy | $54.280 | long |
| 2014-12-23 09:41:51 | LULU | sell | $54.580 | long |
| 2014-12-23 09:43:53 | LULU | sell | $54.670 | 0 |
| 2014-12-23 10:01:48 | LULU | buy | $54.830 | long |
| 2014-12-23 10:05:57 | LULU | sell | $54.720 | 0 |
| 2014-12-23 10:10:14 | LULU | buy | $54.760 | long |
| 2014-12-23 10:24:57 | LULU | sell | $54.570 | 0 |
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