Shared by
Driver42_BOWS
A bit of a fluke on the entry as I placed an order instead of parking it for later.
I had parked and order but then altered it and when I press OK it sent the order instead of saving it as a parked order.
It was withing range of my desired entry so I let it go and kept an eye on it.
Turned into a nice trade too.
I exited some very quickly and a little later on I sold some more just prior to it breaking out.
I should have added some on the flag break off the 20ma around 11am.
The daily 200ma was at 30.24 and that was my target for the last but it blew through that.
I was stopped out on the last just below it a little while late within two cents of the low of the move.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-24 10:25:04 | MAT | buy | $29.680 | long |
| 2015-04-24 10:33:17 | MAT | sell | $29.810 | long |
| 2015-04-24 10:45:01 | MAT | sell | $29.850 | long |
| 2015-04-24 13:14:57 | MAT | sell | $30.190 | 0 |
Comments
Driver42_BOWS
The order was meant to be parked, not sent.
It was an order to buy just below my entry.
It would have been triggered giving me a better entry price, but came back up very quickly, so I just played it from there
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Honestly don't see an entry setup here. Am I missing it? But since you did enter it and held it, what was your reason for exit? I know you mentioned that you were chasing the stop up as it rode higher. I have found more success moving my stop only when a new setup occurs. For example, in this stock AFTER the flag that formed right after your last exit, if you still had shares, I would then move the stop below that flags consolidation level. Or, as you said, you could have added back there too. I have found that once you learn patterns and entry signals, reasons to exit are the difference between winning and losing.