Shared by
derekrucki
I actually love this setup a lot. Daily gap fill, whole number breakout, break of resistance. Very good setup. It popped up about 15cents from my buy but again I didnt take my profits, getting greedy. I did think that it was going to go up more and im not really sure why it didnt but regardless I should always be taking profits on the first spikes I get especialy when I am getting in a little but of a trading rough patch. Smaller size, smaller profits dont get greedy!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-11-30 09:56:30 | CIEN | buy | $15.010 | long |
| 2012-11-30 10:31:18 | CIEN | sell | $14.997 | 0 |
Comments
derekrucki
Ya it was a great looking setup and even though it didn't work out we were smart to take this trade because it was a small risk and the trade had a lot of potential upside. Cant win em all I guess!
davewaztrades
I notice we trade alot of similar setups/stocks from looking at your shared trades. Hit me up DM on twitter (same username) sometime. Avail for chat via skype or teamspeak chat during the day.
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Derek,
Took the same trade as you did here on the daily breakout over 15 and break over previous day high. I agree that this actually was looking pretty good when it held 15 and tried to move higher again. I gave it a little more room/time, and only hit out once it proved it could not stay over 15 since I thought that daily was setup very well. That exit was about 10mins after your exit at .95ish. Definitely a trade worth taking despite not working out though.
Dave