Shared by
chrisconnelly3
talk about leavin money on the table... had the best entry of the day.. flag pullback, hot daily momo
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-12 10:07:03 | GENE | buy | $5.128 | long |
| 2015-02-12 10:10:24 | GENE | sell | $5.270 | long |
| 2015-02-12 10:33:00 | GENE | sell | $5.370 | 0 |
Comments
chrisconnelly3
2015-02-13 02:27:42
Jmos, yea in the recent market it has been way more profitable to buy the pullbacks.. you might suffer a bit in your win rate %, but you can take massive positions sometime if you are able to get the bottom of a pullback right when it starts rounding back up.. then you just let these big positions ride to at least 2:1 r/r before taking first profits, (since you are assuming more risk of stopping out in the first place, and entry was low)
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Nice! Love the entry..I'm trying to get into pullbacks but I don't have the confidence to buy low as i'm alway used to play break outs. Do you just take a stab when it bases? Thanks Chris!