Shared by
EliBrown
Very depressing to come back after eating lunch to see this make a rally all the way up 3.84. The stock caught my eye after scanning through my daily 4% gainers. After the morning run, the stock made a day-long consolidation. I entered with the anticipation of a continued run. I enter 1000 shares at 3.32 and another 1000 at 3.34 as the stock broke out of the flag. I scaled out 500 shares at 3.37 and another 500 at 3.42. The stock was never giving me a true reason to sell, I was just getting impatient and ready to shut things down for the day. I sold off the remaining 1000 shares at 3.36 as it pulled back to the 9 EMA. It had been reacting nicely to the 9 EMA all day. I should have trailed my stop up and placed it just below the 9 EMA and let the stock play out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-05 12:50:18 | GERN | buy | $3.320 | long |
| 2015-03-05 13:16:11 | GERN | buy | $3.340 | long |
| 2015-03-05 13:21:52 | GERN | sell | $3.370 | long |
| 2015-03-05 13:25:14 | GERN | sell | $3.420 | long |
| 2015-03-05 13:33:43 | GERN | sell | $3.360 | 0 |
Comments
EliBrown
Saint11_BOWS
hey man this is just like your YY trade you took on the 6th (I commented on that). This is more of that day long consolidating pattern id be looking for. You can see the well defined highs. You entered on that third tap and then again on the fourth when it broke. Keep doing what you are doing and youll kill it.
Thanks bro. This is exactly what I was talking about when I commented on your trade yesterday about me leaving money on the table.
kunal00
great entry man! often all stocks will come back and test 9ema or so after initial pop don't be scared!
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Balls. You had a homerun setup. Lesson learned.
Don't be depressed. There's no room for woulda, shoulda, coulda. Learn something and move on.
You sure did nail that entry though. Well done.