I chased my entry on this trade. My plan for this stock was enter on a flag below 47.00 and to watch for rounding price action if it opens weak. The ideal entry was at 46.80 as it was rounding upwards into the VWAP. I entered 100 shares at 47.11 on a confirmed break of the VWAP. I could have had a much larger position here but I had chased my entry already so I kept it lower. I scaled out 50 shares at 47.73. I re-added 300 shares (WAY to much) at 47.57. I moved my stop from 46.80 to 47.34. I ended up turning a gain into a loss and exiting my 350 shares at 47.41. I should have added a max of 100 shares here. I was getting way to aggressive with the hopes of making back some losses.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-23 10:02:54 | SHAK | buy | $47.110 | long |
2015-03-23 10:13:57 | SHAK | sell | $47.730 | long |
2015-03-23 10:32:40 | SHAK | buy | $47.570 | long |
2015-03-23 10:55:23 | SHAK | sell | $47.410 | 0 |
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