Flagging near HOD and riding the 9EMA on the 5m chart and 9EMA catching up on the 15m chart.
I had absolutely no reason to sell aside from the fear of the trade coming back to my entry and stopping me out. These opportunities come up several times a week. As a trader, it's my responsibility to be in these trades and ride them out as these are the homeruns that make my week/month/year. Had I followed my rule of moving my stops up after every new high to the previous consolidation zone, I could have easily ridden at least 75 shares into the 7's. Assuming, I made it to $7 with the last 1/2, I would have made $106 more than I did.
Follow the system - take the 1st 1/2 off after the 1st pop and then ride the rest by moving the sell stop beneath he consolidation area after every new high.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-05 12:16:26 | PTBI | buy | $5.090 | long |
2015-05-05 12:18:11 | PTBI | sell | $5.270 | long |
2015-05-05 12:34:08 | PTBI | sell | $5.600 | 0 |
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