I had this on the radar, and was gapping up recent resistance (30 min chart) with above avg premarket volume, so I had 97.50 as the level to hold to look for an entry long.
The stock made a quick push and then came back to consolidate at 97.60 to 98.00. I saw the stock breaking out on the upside, so I tried getting in on a pull back, however it was too much of a pull back so I was stopped out (I could have exited earlier and save some money as I can keep the stops tighter on BO plays)
I re entered again to try a buy close to support for a move back to the highs. I was close to being stopped out but it finally worked (A bit lucky or not?); Also, next time I can add once I saw the stock consolidated at the 98 level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-21 11:16:44 | DATA | buy | $98.130 | long |
2015-04-21 11:53:55 | DATA | buy | $97.610 | long |
2015-04-21 11:57:12 | DATA | sell | $97.760 | long |
2015-04-21 13:46:38 | DATA | sell | $98.510 | 0 |
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