ORCL was holding 34 area beautifully and every time is would drop out new buyers would just step right back in so I got long at 34.01 with my stop set under 33.95. Again I was absolutely right about this trade but didn't add any more size once it broke through its range. I only took 400 shares at 34.01 and should have added another 400 shares when it got above 34.10. The stock then went on to rally and I scaled out of half at 34.18 and trailed the other half eventually getting stopped out when it broke a 5min range and 20day moving avg. Still a well thought out trade and well managed just need to work on increasing size incrementally
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-12-19 11:12:50 | ORCL | buy | $34.010 | long |
2012-12-19 11:54:44 | ORCL | sell | $34.175 | long |
2012-12-19 13:06:54 | ORCL | sell | $34.190 | long |
2012-12-19 13:06:54 | ORCL | sell | $34.190 | 0 |
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