I found this in my 4% gainers scan around lunch. I was anticipating a breakout at 54.00 after it was flagging into this level. I went long 100 shares at 53.79, 100 at 54.07, and 100 at 53.97. I had a stop placed at 53.40. I was getting to way to aggressive. I chased my last two entries looking for the big gains to make up for previous losses. I ended up adding to these losses and selling at 53.40. If I had kept watching this stock the ideal entry at this point in the day was a bit later after it had broke back above the EMAs and consolidated just above 54.00. It made a nice pop right after which would have been a scale out spot but it was mostly a steady grinder for the day with no substantial breakout besides the breakout of 53.00 at the open.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-23 12:05:01 | CYBR | buy | $53.790 | long |
2015-03-23 12:24:41 | CYBR | buy | $54.070 | long |
2015-03-23 12:26:11 | CYBR | buy | $53.970 | long |
2015-03-23 12:47:15 | CYBR | sell | $53.610 | 0 |
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