Nice trade. I had 60 as possible failure level, which failed twice before breaking out. I entered right on the uptrend and my stop was really tight.
I decided to sell half once it hit 60, and keep the rest for the BO. I hit another half of what I had once it slowed at 60.50 area, and kept the rest for a move to 62
Review
Nice trade, although, I could have managed it a lot better as this one is one of my favorite plays and the stock was showing relative strength.
As soon as I saw 60 going through I should have added big for BO momentum play, instead of selling half (Probably Tier 3). I could have gone back to Tier 1 once it slowed at 60.50 area, and added again Tier 2 after second push above 60.50. I could have sold one tier at 61.21 once topping 2 min candle was confirmed, and keep the rest for a move to 62 with the same SL
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-06 10:16:10 | SCTY | buy | $59.620 | long |
2015-05-06 10:23:15 | SCTY | sell | $60.070 | long |
2015-05-06 10:26:16 | SCTY | sell | $60.550 | long |
2015-05-06 10:57:30 | SCTY | sell | $60.280 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!