Play: Parabolic
Stock went parabolic on some news so looked for a short entry. Waited for one of my go-to set ups with stop at HOD, sold into break of 1 partial and stopped out at buy price on rest, story of my life lol. Missed on decent profits again. I need to tweak this as all my wins are half wins or 1/3 wins this week. Very frustrating when I have the proper idea.
Reasons to sell: flush/panic of break of round #, buy price
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-13 12:41:29 | IBIO | sell | $1.020 | short |
2015-02-13 12:42:52 | IBIO | buy | $0.9811 | short |
2015-02-13 12:45:23 | IBIO | buy | $1.015 | 0 |
Never thought of it that way especially when it is a break even trade at this point. Thanks! Good call like that I can catch the bigger move which I am struggling to do
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why put a stop at the buy price if the hod is just a few cents above?