Stock caught my eye during my lunch time scans of 4% gainers. 61 level was a significant resistance area and had tested it twice before my entry at 60.72. I was a bit to early and was stopped out 60.52. The stock made a higher low and was staying within my trend lines. I entered 200 shares at 60.60 and another 50 at 60.70. I added because of the tight coil forming with the 9 and 20 EMA squeezing up underneath and it was just below the 61 area. I scaled out 100 shares at 61.25 and 100 shares at 61.33. I got a bit to excited and reloaded another 100 shares at 61.40 only to have it break the EMAs, causing me to flatten my position at 61.09. The re-load was a mistake and a move that has a low success rate thus far for me. There also wasn't much of a set-up besides a make-shift flag, and by having to say make-shift furthers the point on why I probably shouldn't have added.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-02 11:54:58 | AMBA | buy | $60.720 | long |
2015-03-02 11:58:15 | AMBA | sell | $60.510 | 0 |
2015-03-02 12:57:48 | AMBA | buy | $60.600 | long |
2015-03-02 13:21:33 | AMBA | buy | $60.700 | long |
2015-03-02 13:46:38 | AMBA | sell | $61.250 | long |
2015-03-02 13:47:21 | AMBA | sell | $61.330 | long |
2015-03-02 14:04:52 | AMBA | buy | $61.400 | long |
2015-03-02 14:14:10 | AMBA | sell | $61.090 | 0 |
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