Shared by
EliBrown
My first entry on this trade was at 1.67 with 500 shares. I got shook out on the whipsaw below the VWAP and my stop was triggered at 1.585. I re-entered at the top of the flag at 1.735. I should have waited for a tighter coil to form as it was to extended where I entered. When the stock broke the flag I entered another 500 shares and scaled out 200 shares at a time into the rip up to 2.13. I held onto a bit to many lotto shares. When the stock broke the 9 EMA I should have sold off the remaining 400 shares but I didn't have a hard stop in place. I ended up waiting to long and sold for a small gain at 1.88.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-27 09:51:21 | CYCC | buy | $1.670 | long |
| 2015-02-27 09:51:49 | CYCC | sell | $1.585 | 0 |
| 2015-02-27 09:58:42 | CYCC | buy | $1.735 | long |
| 2015-02-27 10:26:44 | CYCC | buy | $1.805 | long |
| 2015-02-27 10:28:39 | CYCC | sell | $1.875 | long |
| 2015-02-27 10:35:29 | CYCC | sell | $1.980 | long |
| 2015-02-27 10:43:21 | CYCC | sell | $2.085 | long |
| 2015-02-27 11:17:46 | CYCC | sell | $1.880 | 0 |
Comments
EliBrown
I've never really scaled into my past trades. But that makes a lot of sense. To many times I get whipsawed out and end up re-entering right after. Thanks for the tip, Ill try scaling into trades next week.
Driver42_BOWS
Good move re-entering the trade and the third exit was right on the nose. As you say the last exit could have been sooner but all in all a good trade I think
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Nice trade... I'm not sure about YOUR "reasons to exit", so I can't comment on that. One thing though that has helped me tremendously. Your first entry was clearly an anticipatory entry. I like that. a LOT. But for me, I have to down size so that I can sit through the shakeout tails without emotion. I like to make the stop loss area hold a candle before I get out. Smaller size on anticiapation entries allows for that.