Shared by
tee
Day Chart: continued highs, no resistance
Buy: 3x flat top intraday, rising lows, bought $0.07 away from 9ma
Order:
price
9ma (rising)
20ma (rising)
VWAP
stochs - positive, over 80 line
Sell: it finally broke the $65.30 high, reached .40 then failed. This break and fail should have been clue to exit. It eventually broke 9 and 20 EOD for a forced stop out.
Lesson: missed exit sign - setup was the nicest of the day for me so I should really have seen that a failed breakout was a sign to exit. should have entered a hard stop @ breakout point, $0.10 wide bid/asks cant really be an excuse not to use one. The stochastics also turned negative and failed 80 line, even more reasons to get out then.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-27 15:32:00 | BITA | buy | $65.130 | long |
| 2015-04-27 15:54:00 | BITA | sell | $64.880 | 0 |
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