Chased this up from the vwap bounce. Broke out to a new high when I bought it which was my justification.
However the price moved down again and was against me for a long time.
There were a couple of times when I was in the green and I should have taken some profit or at least lightened my position.
I should definitely have gotten out much earlier than I did.
I waited until the stop was triggered and gave away far too much on this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-24 10:19:14 | JNPR | buy | $26.190 | long |
2015-04-24 10:19:14 | JNPR | buy | $26.190 | long |
2015-04-24 13:35:16 | JNPR | sell | $25.920 | long |
2015-04-24 13:35:16 | JNPR | sell | $25.920 | 0 |
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Looks like you tried to buy into the 2nd tap flat top. In this case, the 3rd tap was no better but had you entered on the pullback prior to the 3rd tap, you'd have either made a small gain or been out flat. Obviously, as is ALWAYS the case when reviewing after the fact, hindsight makes everything clear. But, those are rules (2nd or 3rd tap +anticipation) that BOWS teaches. Thanks for sharing, I'll take notes for myself.