Gap up from healthy bottoming formation on daily chart.
The Good: going long on an uptrending momentum stock
The Bad: No clear intraday pattern -- no flag, therefore no clear stop placement. Let stock pop and fade before taking profits.
Lesson Learned: always have clear pattern, don't chase.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-29 10:40:00 | GNW | buy | $8.750 | long |
2015-04-29 12:10:00 | GNW | sell | $8.853 | 0 |
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