CYBR Trade on Mar 2, 2015 10:54 from foldelinio_BOWS: Tradervue User Stock Trades.

Trade planned before market open. Anticipated the 57.60$ support to crack.

catalyst: technical
Stop: 59$
$Risk: 25$
R:4.492
Horrible first entry, I should have gotten in on the pullback to 59$, instead I chased down and entered based on the book.

1st scale out: 57.50$ Good size hitting the bid, but the .50s kept reloading fast.

1st add: orderly pullback on low volume into resistance. Had conviction, so I tried to build a core position of 100 shares. Wanted to have a tiny profit in case I get stopped out, so I did not plunge. Closed P/L was 20$ and the stop for the entire position was at 58.51$, so I could have added 66 shares maximum (20$/0.30$).

2nd scale: 57.50$ was support, so I scaled out some.
3rd scale: At 56.50$ I have seen a 5000 share order hitting the bid, but the number held. Had to protect profits.

4th and 5th scale/close: Actually I wanted to ride this down to 55$ and put some more size into the trade. However, there was not enough volume on the way down compared to the crack from 65$. 57.60$ was a tripple tap support and I expected a huge flush...didn't happen so I closed as soon as it got choppy on volume, because I smelled accumulation around support.