Shared by
Walder_BOWS
I traded this stock twice, both times with a 2 penny stop, the first went well, but I completely scaled out of it wrong, I was suppose to scale out in halves but instead I scaled out four times pretty much around the same area of 5.45 and 5.47.
The second I saw the same look as the first trade, A breakout pull back, except this time the pullback retraced all the way back and cleared the breakout, and this is a sign that it is not a pull back play but I double dipped anyways since I was positive on the first trade, and payed for it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-18 10:21:26 | AMCN | buy | $5.420 | long |
| 2015-05-18 10:22:08 | AMCN | sell | $5.450 | long |
| 2015-05-18 10:22:42 | AMCN | sell | $5.450 | long |
| 2015-05-18 10:23:26 | AMCN | sell | $5.470 | long |
| 2015-05-18 10:28:54 | AMCN | sell | $5.450 | 0 |
| 2015-05-18 10:36:42 | AMCN | buy | $5.440 | long |
| 2015-05-18 10:38:04 | AMCN | sell | $5.400 | 0 |
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